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29.11.24 - 11:26
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London-listed Georgian banks, sovereign bonds fall after EU talks halted (Reuters EN)
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London-listed Georgian banks, sovereign bonds fall after EU talks halted LONDON, Nov 29 (Reuters) - Shares in London-Listed Georgian banks fell on Friday, as traders reacted to Thursday's news that the Georgian government would suspend talks on European Union accession and refuse budgetary grants until 2028. TBC Bank .TBCG.L was down 6.4% at the bottom of the FTSE 350, while Bank of Georgia .BGEO.L was last down 4.5%....
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20.11.24 - 15:18
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UK inflation rises to 2.3%, increasing pressure to delay interest rate cut (The Guardian)
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Figure is above Bank of England target after energy bills push up pricesBusiness updates – liveInflation increased to 2.3% in October, heaping pressure on the Bank of England to delay further interest rate cuts until next year.Figures released by the Office for National Statistics (ONS) on Wednesday showed that a rise in energy bills pushed up the consumer prices index (CPI), reversing a downward trend this year in inflation, which was 1.7% in September. Continue reading......
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15.11.24 - 17:25
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UK economic growth slows to 0.1% as budget jitters and high interest rates take toll (The Guardian)
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Blow to Rachel Reeves as first quarter under Labour shows services and manufacturing struggled in run-up to budgetBusiness live – latest updatesThe UK economy slowed to a near-standstill in the third quarter as uncertainty surrounding Labour's first budget and high interest rates weighed on business and consumer spending.In a blow to the chancellor, Rachel Reeves, as she attempts push the UK to the top of the G7 growth league, the economy grew by 0.1% in the third quarter of the year, down from 0.5% in the second quarter, according to figures from the Office for National Statistics (ONS). Continue reading......
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11.11.24 - 10:12
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UK interest rates are falling – but it′s not too late to find deals that pay (The Guardian)
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The peak may have passed, but inflation-beating returns are still available if you're quick. Here are the highest yielding and safest options The UK's army of savers have been given a wake-up call to check their interest rate and to move their money as soon as possible if they are getting a raw deal.The Bank of England interest rate was cut from 5% to 4.75% on Thursday, while inflation is currently running at 1.7%. Continue reading......
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07.11.24 - 17:42
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Bank of England cuts interest rates by 0.25 points to 4.75% (The Guardian)
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Borrowing costs reduced for second time this year with Fed expected to cut US rates later on ThursdayBusiness live – latest updatesThe Bank of England has cut interest rates despite warning that Rachel Reeves's budget will complicate its battle against high inflation by keeping the rate above its 2% target for a year longer than previously anticipated.In a decision widely expected in financial markets, the Bank's monetary policy committee (MPC) voted by a majority of eight to one to reduce the base rate from 5% to 4.75% to ease the pressure on households and businesses from high borrowing costs. Continue reading......
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07.11.24 - 14:36
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Does the Bank of England′s interest rate cut mean lower mortgage rates? (The Guardian)
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What the decision means for homeowners – and the implications for savings, loans and credit cardsBank of England cuts interest rates to 4.75%The Bank of England has cut the cost of borrowing, reducing headline interest rates from 5% to 4.75% – a move that was widely anticipated. It is the second interest rate cut this year. Continue reading......
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07.11.24 - 14:36
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News from US overshadows Bank of England caution on interest rates (The Guardian)
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Chancellor's budget has made the monetary policy committee warier about the pace of future policy easingRachel Reeves may count herself lucky that the news this week has been dominated by Donald Trump's return to the White House rather than the Bank of England's latest decision on interest rates.It was always nailed on that the Bank would deliver a November cut in interest rates and borrowing costs have duly been shaved from 5% to 4.75%. Of far more interest was what happens next and here the message was that the budget has made the Bank's monetary policy committee (MPC) warier about the pace of future policy easing. Continue reading......
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