However, governor Andrew Bailey has said Britain’s economy is “moving in the right direction” to start cutting rates
European Central Bank (ECB)
The usually conservative central bank had been expected to keep rates on hold and wait at least another three months before move
Central Bank governor Gabriel Makhlouf said the history of monetary policy shows rushed decisions are often wrong
Latest increase expected to bring increase in loan arrears, given the number of homeowners set to see fixed rates expire
Many compliance professionals believe the planned digital euro is ‘already redundant’, according to the Compliance Institute
Move mooted as compromise to reassure southern bloc countries that favour an earlier shift to lower rates
PTSB needs relief on the cost of writing mortgages to be able to compete with larger rivals and make good on repaying its bailout
Comments by Fed chair Jay Powell come a day after ECB signalled possible movement in June
Mortgage holidays can give you some breathing space when times are tight but, like all holidays, the bill falls due eventually
‘We clearly need more evidence,’ says ECB president Christine Lagarde as projections see inflation hitting 2% target next year
Interest rates are not coming down immediately, but they will fall later this year, posing a dilemma for those taking out mortgages
Markets expect Frankfurt to implement a sequence of rate cuts in the second half of 2024 but to proceed with cautious quarter-point reductions
Latest Eurostat data all but ends speculation ECB policymakers might start cutting interest rates before June
Surge in inflation and consecutive ECB interest rate hikes had less than expected impact on consumer behaviour
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