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Higher interest rates mean people have to pay more for their mortgages, for example, which means they have less money to spend on other things.Fewer people wanting to buy ...
HSBC has joined two other major lenders in reducing mortgage rates following hints of a summer base rate cut by the Bank of England.Barclays cut the cost of its ...
Mortgage ratesJust under a third of households have a mortgage, according to the government's English Housing Survey, external.When interest rates rise or fall, around 1.2 million people on tracker ...
After pushing borrowing costs sharply higher in recent years to try to quell soaring prices, countries around the world are shifting gear.The European Central Bank (ECB) on Thursday announced ...
The IMF said the UK's economy was "approaching a soft landing” after last year's mild recession.It upgraded its growth forecast marginally for this year from 0.5% to 0.7%, and ...
The pace of price increases in the US showed signs of slowing last month, after a streak of higher-than-expected inflation data had stoked concerns about the world's largest economy.Consumer ...
Ms Eastwood, who is also on the board of industry group UKHospitality, added: "Many of our businesses in UK hospitality and leisure are still reeling from Covid-related debt, higher ...
Mortgage brokers are keen to stress that the moves of recent days are not another cycle of rapidly rising rates, the likes of which were seen in the last ...
Analysts who had expected the bank to start cutting rates early this year have been forced to postpone forecasts - and some have even raised the possibility of a ...
The cost of a new fixed mortgage has risen in recent days, defying many homeowners' hopes and expectations. Source link
Mr Bostic, who casts one of the votes to decide US interest rates, said the American economy was creating lots of jobs and performing well: "I've been saying for ...
Jamie Dimon, the boss of JPMorgan Chase, said the bank is preparing for both rate cuts and rises. Source link
Australian fans of a late morning McDonald's breakfast are having to wake up earlier.The fast food giant has temporarily...
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