Today news
About the same in other media
Will it be the Bank that stole Christmas by putting up rates?
Reading now: 801
After Rishi Sunak’s budget, it’s over to the Bank of England. On Thursday this week Threadneedle Street will put an end to the frenzied will-they, won’t-they speculation on the matter of whether we are about to see the first interest rate rise since the onset of Covid-19.
Financial markets are betting this is the moment of lift-off from the current historic low of 0.1%, against a backdrop of soaring inflation and with the economy within a hair’s breadth of its pre-pandemic peak.
Britain’s biggest banks clearly agree, moving to nudge up mortgage rates in anticipation.
Households are warned of a triple whammy: the squeeze on living costs from high inflation will be compounded by the chancellor raising taxes, and the central bank ramping up
Read more on theguardian.comAbout this in other media
‘I’ve never known it like this’ – the UK’s struggle to get the Christmas turkey to the table theguardian.com /3 years ago
Great Britain’s north-south house price divide ‘will narrow over next five years’ theguardian.com /3 years ago
COP26, scheduled to end Friday, will now continue on Saturday as key issue remain unresolved euronews.com /3 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
