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Search results for: "Interest Rates". 5 articles found.
Huw Pill warns inflation could rebound as UK business survey signals economy strengthened over last month Business live latest updates The prospects of a summer cut in UK interest rates receded on Tuesday after the Bank of England's chief economist cautioned against cutting too soon and a key survey signalled the economy strengthened over the last month. The Bank's chief economist, Huw Pill, said concerns remained that inflation, which is expected to fall below its 2% target within a few...
The increases come after forecasts for when the Bank of England will cut interest rates are pushed back.
The stickiness of the post-pandemic inflation is raising questions about how effective high interest rates are at bringing down price increases and if they could be fueling the problem. Standard economic thinking says that higher interest rates should bring down prices by squeezing the labor market and lessening the demand for goods and services....
UK's blue-chip index ended trading at 8,023, its highest close ever, as pound falls against dollar Business live latest updates The UK stock market has hit a record closing high, amid optimism that the Bank of England will cut interest rates twice this year and easing geopolitical tensions in the Middle East. The FTSE 100 index of blue-chip stocks listed in London ended trading on Monday above its previous closing peak, set in February 2023, helped by rate cut hopes and a weakening pound. Continue...
Lenders respond over views the Bank of England may not cut interest rates as soon as previously thought.
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