Getty ImagesFalling mortgage rates may, at last, be bringing some relief to embattled homeowners and first-time buyers.In a market described as "frenetic", lenders are locked in intense competition for ...

The Bank of England boss says a move to cut rates marks "an important moment"The Bank of England's governor said a decision to cut interest rates is "an important ...

Countries including the UK and the US are "seeing some persistence” in inflation that might mean interest rates have to stay “higher for even longer”, the International Monetary Fund ...

50 minutes agoBy Kevin Peachey, Cost of living correspondentGetty ImagesCompetition between mortgage lenders has intensified ahead of a key decision on interest rates by the Bank of England.A host of lenders ...

4 days agoBy Michael Race, Business reporter, BBC NewsGetty imagesInterest rates should be held again next month rather than be cut for the first time in more than four years, a ...

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 ...