Topic filter : Low Interest Rate

Most trending topics in Business & Finance ( last 24 hours ):
Housing Market Takeover Retailer Organic Facebook Google Amazon Netflix General Motors IBM Co-op Current Account Advertising WPP Fraud Scammer Football Club State Pension Pension Property Price Pensioner Life Expectancy Economy Election

Socially Most Trending News

....4% when it was bailed out by the taxpayer at the height of the financial crisis. Analysts said the firm was exposed to record low interest rates, which make it harder for banks to increase profits, and the health of the UK economy. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
Total Trend count
45
Most trending on :
41 4
....That would obviously be very sad for those who are affected; for those shut out of home ownership, though, it may be no bad thing. That’s because nine years of record-low interest rates have probably contributed to the fact that house prices have soared out of reach; and higher prices have meant increasingly unattainable deposits. ... [Read full article on Guardian ]
Monday 24th of April 2017 10:30:16 AM
Total Trend count
22
Most trending on :
16 6
.... “The pound-euro exchange rate has a bigger effect on people at the lower end of the market, in the €200,000-€400,000 price range,” says Chris Clover, head of Panorama Properties in Marbella, southern Spain. “Those with more money can take advantage of low interest rates to hedge against the weak pound. ... [Read full article on Guardian ]
Friday 28th of April 2017 04:03:49 PM
Total Trend count
11
Most trending on :
7 4
....”. As well as the relief rally over the Macron result, the prospect of an end to the ECB’s bond-buying programme and low interest rate measures saw the euro hit a two-week high against the pound, up 0. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:35:25 PM
Total Trend count
9
Most trending on :
7 2

Latest Finance News related to Low Interest Rate

Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
.... “The pound-euro exchange rate has a bigger effect on people at the lower end of the market, in the €200,000-€400,000 price range,” says Chris Clover, head of Panorama Properties in Marbella, southern Spain. “Those with more money can take advantage of low interest rates to hedge against the weak pound. ...
Donald Trump 100 days: Is the president making it CHEAPER to buy US property? image
Source : Daily Express [Read Article] Friday 28th of April 2017 12:09:00 PM
.... . Despite being very vocal in his criticism of the Federal Reserve and its low interest rate policy during his campaign, the president recently indicated that he would prefer borrowing costs to stay lower. ...
Lloyds Bank's profits rise despite 'challenging' times image
Source : BBC [Read Article] Thursday 27th of April 2017 06:33:36 AM
....4% when it was bailed out by the taxpayer at the height of the financial crisis. Analysts said the firm was exposed to record low interest rates, which make it harder for banks to increase profits, and the health of the UK economy. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....”. As well as the relief rally over the Macron result, the prospect of an end to the ECB’s bond-buying programme and low interest rate measures saw the euro hit a two-week high against the pound, up 0. ...
Bubble, bubble, toil and trouble: why ultra-low mortgage rates are dangerous | Jonn Elledge image
....That would obviously be very sad for those who are affected; for those shut out of home ownership, though, it may be no bad thing. That’s because nine years of record-low interest rates have probably contributed to the fact that house prices have soared out of reach; and higher prices have meant increasingly unattainable deposits. ...
Family matters image
Source : BBC [Read Article] Sunday 23rd of April 2017 12:51:12 AM
.... Mortgage interest costs for homeowners born in the early 1980s amounted to just 15% of income. Of course, the low interest rates that have benefitted homeowners are themselves likely to be one of the factors pushing up house prices. ...
IMF ratchets up UK economic growth forecast to 2% image
Source : Guardian [Read Article] Tuesday 18th of April 2017 01:00:29 PM
.... The adverse medium-term impact on growth would be lower if the two years of negotiations avoided putting up new economic barriers. The IMF said record low interest rates of 0. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
.... Who can argue against higher interest rates if they prevent the collapse of final salary pension schemes?. At the International Monetary Fund’s spring meeting this week, managing director Christine Lagarde is expected to highlight how another decade of ultra-low interest rates will depress growth and pose dangers for global financial stability. ...
Is business starting to get spooked about Donald Trump? | Larry Elliott image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:36:22 PM
....The FPC’s concern is that too much unsecured lending is going on: too much credit card debt; too many payday loans; too many cars being bought on attractive-looking finance deals. It wants lenders to be more cautious because it knows that all the conditions are in place for a credit card crash: ultra-low interest rates, a strong labour market, lenders vying with each to offer the tastiest deals and inflation rising faster than wages. ...
Donald Trump: China 'not a currency manipulator' image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:59:49 PM
....". Mr Trump has been highly critical of Ms Yellen in the past, saying that the Fed's low interest rate policy had hurt savers. ...
NS&I launches new market-leading investment bond with rate of 2.2 per cent image
Source : Daily Express [Read Article] Wednesday 12th of April 2017 12:01:00 AM
....“With its market-leading rate of 2. 2%, the investment bond will provide a valuable boost for savers who have been affected by low interest rates. ...
Student loan interest rate set to rise by a third after UK inflation surge image
....1%. The rise in inflation, driven by a decline in the value of the pound since June, means students will be charged substantially more interest on their loans, despite the fact that many other consumers are benefiting from record low interest rates. ...
'Scant reward for savers!': New Government NS&I bond blasted by critics image
Source : Daily Express [Read Article] Tuesday 11th of April 2017 03:54:00 PM
....“With its market-leading rate of 2. 2 per cent, the Investment Bond will provide a valuable boost for savers who have been affected by low interest rates. ...
Government launches ‘market-leading’ savings account image
Source : Guardian [Read Article] Tuesday 11th of April 2017 03:25:30 PM
....As this is online only, there will be no paper documents sent out, but people will be able to log in to view and manage their investment. The Treasury said the new product “will provide a valuable boost for savers who have been affected by low interest rates”, pointing out that the average three-year, fixed-rate bond pays 1. ...
WARNING: Free bank accounts to END, warns IMF in yet ANOTHER blow to hard-working Britons image
....If growth and rates continues to stay relatively low, banks are likely to change product fees, predicted the fund. In an investigation on a continued low interest rate global economy the IMF said: “Banking in advanced economies may evolve toward provision of fee-based and utility services. ...
Co-op Bank receives takeover 'proposals' image
Source : BBC [Read Article] Friday 7th of April 2017 08:03:17 AM
....The Co-op Bank put itself up for sale in February after it was unable to reach a strong enough footing to satisfy regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the PRA's rules. ...
Is there a housing bubble or isn't there? | Greg Jericho image
Source : Guardian [Read Article] Wednesday 5th of April 2017 02:00:07 PM
.... The ratio of debt-to-asset values is well down on the record highs of three years ago:. Partly this is because the price of houses (assets) has been rising faster than the level of debt, and because, with low interest rates, people are able to pay off the debt quicker. ...
Premium Bond winners to FALL in May: Savers warned as returns tumble image
Source : Daily Express [Read Article] Tuesday 4th of April 2017 04:21:00 PM
....NS&I (National Savings and Investments) is also slashing rates from May 1 on its Direct Isa, Direct Saver and Income Bonds. Amid low interest rates, it means there are fewer options for savers. ...
The UK must not let this Brexit crisis go to waste. Nor must the EU image
Source : Guardian [Read Article] Friday 31st of March 2017 01:53:07 PM
.... Up to a point that’s true, but it ignores the fact that the recovery since the financial crash is built on unsound foundations. The feelgood factor is the result of ingesting large doses of monetary happy pills; ultra-low interest rates and quantitative easing. ...
London will remain Europe’s financial capital despite Brexit | Nils Pratley image
....Lloyd’s financial figures for 2016 were the secondary story, but should not be ignored. Not for the first time, they told a tale of specialist insurance risk being seriously mis-priced in a world of low interest rates. ...
UK's borrowing binge is worrying the Bank of England image
Source : Guardian [Read Article] Monday 27th of March 2017 02:29:00 PM
.... Unemployment is low and the past couple of years have seen chunky increases in real disposable income. Lenders are in better financial shape than they were during the financial crisis and many households have used a prolonged period of ultra-low interest rates to improve the state of their finances. ...
UK banks asked to draw up plans to show they are prepared for Brexit image
Source : Guardian [Read Article] Monday 27th of March 2017 09:26:41 AM
.... Risks from Britain’s commercial property sector have also been reduced after a fall in prices, the FPC said. The Bank’s stress tests on seven leading lenders this year will for the first time include an exploratory scenario that will examine banks’ resilience over seven years of weak global growth, low interest rates and high legal costs and fines for misconduct, and look at the viability of their business models. ...
Populism is the result of global economic failure image
Source : Guardian [Read Article] Sunday 26th of March 2017 01:23:10 PM
.... It hardly seems strange that workers in Britain should complain at the weakest decade for real wage growth since the Napoleonic wars. It has also become clear that ultra-low interest rates and quantitative easing are merely sticking-plaster solutions. ...
Co-op Bank sale plan attracts suitors image
Source : BBC [Read Article] Friday 24th of March 2017 09:52:14 AM
....The bank was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. It blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority (PRA) rules. ...
Investment ISA 2017: Returns of 15 per cent SMASH cash equivalents  image
Source : Daily Express [Read Article] Wednesday 22nd of March 2017 02:57:00 PM
...."ISAs have proved to be a phenomenal success since they were introduced almost 18 years ago but whether individuals are making the right choices is questionable. "Cash ISAs remain the default choice for many investors despite low interest rates. ...
UK millionaires think Brexit will make them even richer, survey finds image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:35:35 AM
.... “This is especially true of younger investors. In an environment of returning inflation and low interest rates, we recommend looking for investments with a higher return – whether in the UK or around the world. ...
Deutsche Bank cuts staff bonuses image
Source : BBC [Read Article] Monday 20th of March 2017 09:25:46 AM
.... . Persistent low interest rates are another element of the tougher climate for banks, as it is far more difficult to make a profit when the difference between borrowing and deposit rates is so small. ...
US interest rate rise signals end of ultra-low borrowing costs image
Source : Guardian [Read Article] Wednesday 15th of March 2017 07:31:25 PM
.... And while the unemployment rate is low, that is partly because millions of Americans have left the labour market altogether after giving up hope of ever finding work. The US is certainly not firing on all cylinders despite almost a decade of ultra-low interest rates and large dollops of money creation via the Fed’s quantitative easing programme. ...
Slow burn image
Source : BBC [Read Article] Wednesday 15th of March 2017 06:27:47 PM
....But, as so many have said, the financial crisis took us into territory very far from normal. What this series of moves tells us is that the Fed's policymakers think the US economy is in reasonably good shape, that it no longer needs the support provided by such very low interest rates. ...
Q&A: What will happen if the Federal Reserve raises US interest rates? image
Source : Guardian [Read Article] Tuesday 14th of March 2017 07:08:31 PM
.... With its headquarters just round the corner from the White House, the Federal Reserve and its chair, Janet Yellen, are in Donald Trump’s sights. On the campaign trail Trump said Yellen should be “ashamed” of the Fed’s low interest rate policy, and accused the bank of creating a “false stock market”. ...
HSBC appoints AIA boss Mark Tucker as new chairman image
Source : BBC [Read Article] Sunday 12th of March 2017 11:19:23 PM
....Despite those efforts, profits tumbled more than 60% last year. The banking industry has been hampered by the extended period of very low interest rates, which makes lending money less profitable. ...
Trump is set to win the battle on interest rates, but US economy will pay the price image
.... Shouting at the camera in the first presidential debate, he even went as far as to accuse the head of the central bank of “being political”, spurring her to deny she was anything but impartial. Trump’s anger was a lightning rod for American savers, who like savers across the developed world, have suffered eight years of ultra-low interest rates. ...
Isas back in favour after tax allowance hike image
Source : Guardian [Read Article] Saturday 11th of March 2017 07:00:28 AM
.... It will be open to everyone aged 16 and over and have a minimum investment limit of £100 and a maximum of £3,000. The Treasury said the bond would support savers affected by low interest rates, but Maike Currie at investment firm Fidelity International said: “Anyone saving into the new investment bond will struggle to achieve a real return, with Office for Budget Responsibility expectations for inflation to rise to 2. ...
US jobs report means Fed rate hike is a bolt-on certainty image
Source : Guardian [Read Article] Friday 10th of March 2017 03:03:04 PM
....Following news that the world’s biggest economy generated 235,000 net new non-farm jobs in February, it is a bolt-on certainty that the central bank will push up the cost of borrowing by a quarter of a point. It is now almost 10 years since the start of the financial crisis ushered in a period of ultra-low interest rates and it has been clear for a while that the Fed is anxious to speed up the normalisation process. ...
Doubts over new 'leading' savings deal announced in Budget image
Source : BBC [Read Article] Friday 10th of March 2017 10:37:00 AM
.... . "This will support savers who have been affected by low interest rates," the Treasury said. ...
Why is John Lewis tightening its belt? image
Source : Guardian [Read Article] Friday 10th of March 2017 07:16:34 AM
.... It now offers a cheaper hybrid scheme based on a mix of staff contributions and final salary and has pumped more than £300m in additional contributions into the scheme in the past year. But low interest rates have delivered lower returns for the scheme’s investments and it had a deficit of £479m in March this year. ...
Co-op Bank reports loss as suitors circle image
Source : BBC [Read Article] Thursday 9th of March 2017 08:37:46 AM
....It was forced to offer itself for sale after it was unable to reach a strong enough footing to satisfy the Bank of England's regulatory requirements. The bank blamed low interest rates and the higher-than-expected cost of its turnaround plan for its failure to meet the Bank's Prudential Regulation Authority (PRA) rules. ...
Get ready for food inflation to take a bite out of growth | Vicky Pryce image
Source : Guardian [Read Article] Wednesday 8th of March 2017 12:37:50 PM
.... With wages finally rising above inflation, real disposable incomes recovered after years in the doldrums following the financial crisis. Encouraged by high employment level, record low interest rates and high-street price wars that have kept prices to historically low levels (we even had deflation for a few months in 2015), UK consumers increased their borrowings to record levels and spent. ...
Hammond gets budget boost as OECD upgrades UK growth forecast image
Source : Guardian [Read Article] Tuesday 7th of March 2017 10:00:39 AM
....In the wake of Trump’s plans to roll back trade deals, it also warned that rising protectionism could “hurt global growth and impact the large number of jobs that depends on trade”. The report sought to flag up “vulnerabilities” in some richer nations where exceptionally low interest rates have been accompanied by rising house prices. ...
Budget 2017: The misplaced confidence of the British consumer image
.... . That's not surprising, perhaps, when the reliance on ultra-low interest rates to avoid anticipated economic trouble has led to the cheapest personal loans in living memory. ...
UK’s star fund manager aims to win over the older savers market image
Source : Guardian [Read Article] Saturday 4th of March 2017 07:00:08 AM
.... “We think it will be a hit with investors for two reasons: it is run by Woodford and it will have a decent yield. We’ve had ‘emergency’ low interest rates for eight years, and income is very hard to come by. ...
Australian housing market crash could lead to broader downturn, OECD warns image
....9% at the end of September last year. However, the report noted household debt was “concentrated in high income households”, and was balanced by rising asset values and low interest rates. ...
Moneysupermarket shares hit as revenues dip image
Source : BBC [Read Article] Tuesday 28th of February 2017 09:27:26 AM
....Shares in Moneysupermarket fell more than 6% after the comparison website warned that revenues so far this year were running below last year's levels. The FTSE 250 company said this was due to customers switching less between savings and current accounts because of low interest rates. ...
NHS faces £1bn annual bill after 'reckless' change to injury payouts image
Source : Guardian [Read Article] Monday 27th of February 2017 10:45:09 AM
....The forecast increase in premiums comes as insurance rates rise steeply, partly because of hikes in insurance premium tax, which will increase again from 10% to 12% in June. Personal injury lawyers have argued that the Ogden rate has not changed since 2001 and needs to be amended to reflect historically low interest rates. ...
Housebuilder Persimmon's profits rise amid 'confident' market image
Source : BBC [Read Article] Monday 27th of February 2017 08:32:01 AM
...."The UK's housebuilders have had the wind at their back for some time now, with the government Help to Buy scheme boosting transaction numbers, while a chronic housing shortage has pushed prices up too. "Looking forward, the UK housing market shows little sign of pausing for breath in its steady upward climb, and low interest rates are likely to remain supportive for the foreseeable future. ...
Five minute guide to making your pension last longer  image
Source : Daily Express [Read Article] Sunday 26th of February 2017 12:01:00 AM
....The rule states that if you withdraw no more than 4 per cent of your pension each year, your pot should never run out. However, experts say the rule no longer works, because of rising life expectancy and record low interest rates. ...
London home movers drops to lowest level since 1991, mortgage figures show image
Source : Daily Express [Read Article] Wednesday 22nd of February 2017 04:38:00 PM
...."By contrast, re-mortgage activity appears to be experiencing a resurgence. "Competitive mortgage rates aided by low interest rates have sparked re-mortgage levels not seen in the capital since 2008. ...
Results will reveal the good, the bad and the ugly of UK banks image
Source : Guardian [Read Article] Sunday 19th of February 2017 03:37:29 PM
....“Bank results look like they will be a mix of the good, the bad and the ugly this time around. Litigation still looms large, particularly for RBS which has a plateful of problems to digest, while low interest rates continue to present a challenge for the core business of banking,” said Laith Khalaf, senior analyst at Hargreaves Lansdown. ...
Is this the end of UK's retail boom? image
Source : Guardian [Read Article] Sunday 19th of February 2017 01:32:28 PM
....Three factors explain why the pundits who confidently predicted carnage in the high street after the Brexit vote were wrong: consumer psychology; policy changes; and the economic fundamentals underpinning consumer demand. Taking those points in reverse order, spending was supported by rising employment, low interest rates and rising real incomes. ...
Tackle your debts while interest rates are at lowest image
Source : Daily Express [Read Article] Sunday 19th of February 2017 11:59:00 AM
....When that happens, the debt mountain will look even more daunting. Many Britons are already taking evasive action, with Sainsbury’s Bank reporting a surge in customers taking out personal loans to consolidate debts at low interest rates. ...
Co-op Bank faces struggle to find owner with ethics – and deep pockets image
Source : Guardian [Read Article] Saturday 18th of February 2017 04:00:05 PM
....Other progress has been made: an overhaul of the Co-op’s famously rickety IT systems was completed last Monday and discussions over the pension fund are still under way. But the turnaround plan has been knocked off course by the damage done to profitability by low interest rates, which no one expected to have remained so low for so long when the plan was put in place three years ago. ...
New double whammy to hurt prudent older savers image
Source : Daily Express [Read Article] Tuesday 14th of February 2017 10:29:00 PM
.... . Their prudence is being hit by record low interest rates, with the average easy access savings account paying a dire 0. ...
For sale: Co-op Bank looks for buyers image
Source : Guardian [Read Article] Monday 13th of February 2017 08:05:49 AM
....Liam Coleman, the chief executive, said it was “business as usual” for customers – which have fallen in number by 700,000 since the problems emerged. He said the turnaround plan had been slowed bylow interest rates and the “sheer scale” of the transformation, in part required after the bank’s merger with the Britannia Building Society just as the financial crisis started. ...
Sub-prime cars: are car loans driving us towards the next financial crash? image
Source : Guardian [Read Article] Friday 10th of February 2017 03:29:36 PM
.... It said such loans were being taken out at a faster rate than any time in its history. The borrowing boom is being driven by websites that take advantage of ultra-low interest rates. ...
Bank of England appoints Charlotte Hogg as deputy governor image
Source : Guardian [Read Article] Thursday 9th of February 2017 05:57:26 PM
....Forbes has built a reputation as a tough operator who believes that the Bank should begin to withdraw its economic stimulus before the end of the year to combat rising inflation. This view contrasts with the majority of MPC members who are expected to support historically low interest rates well into 2018. ...
Savers warned: Here are the 10 big ISA mistakes to AVOID ahead of deadline  image
Source : Daily Express [Read Article] Wednesday 8th of February 2017 05:57:00 PM
.... Unused limits can't be carried over to the following year, so it's a case of use it or lose it. Amid ultra low interest rates and rising inflation, more savers are turning to so-called stocks and shares ISAs - which can hold a range of investments - over the cash equivalent. ...
UK house prices fell in January for the first time in five months image
Source : Guardian [Read Article] Tuesday 7th of February 2017 10:34:19 AM
....”. Martin Ellis, Halifax’s housing economist, said house prices were being underpinned by a shortage of properties on the market, low levels of housebuilding and ultra-low interest rates. ...
UK retail sales slump in December as inflation bites image
Source : Guardian [Read Article] Friday 20th of January 2017 11:05:00 AM
....Paul Hollingsworth, UK economist at the consultancy Capital Economics, said the retail sales figures might provide some relief on that front. “The slowdown in spending growth should help to calm fears that low interest rates are driving an unsustainable credit-fuelled consumer boom. ...
Rolls-Royce: questions remain despite £671m bribery settlement | Nils Pratley image
.... There is cash – and plenty of it – in selling to customers who tend to remain loyal until they kick the habit or die. And, in the age of low interest rates, there have been easy opportunities to spice up returns to shareholders via the use of debt. ...
UK economy is overheating and veering towards stagflation image
Source : Guardian [Read Article] Monday 16th of January 2017 07:00:17 AM
....As the Bank finally moves to raise rates in response to sharply higher inflation, bond yields are likely to rise and share prices may well decline or, at a minimum, fail to keep pace with the cost of living. The much-maligned British saver, suffering for years from artificially low interest rates, is only going to find things getting worse as portfolio valuations decline. ...
Take the long view with a 10-year fixed-rate mortgage image
Source : Guardian [Read Article] Thursday 12th of January 2017 07:00:21 AM
. Existing homeowners can lock into low interest rates – and sail through the Trump and Brexit years safe in the knowledge their mortgage will not rise – following the launch of a raft of attractive 10-year fixed-rate home loans. ...
FTSE 100 extends string of record rises image
Source : BBC [Read Article] Wednesday 11th of January 2017 08:31:20 AM
....In other company news, housebuilder Taylor Wimpey reported a 4% jump in home completions last year, to 13,881. It said customers continued to "benefit from a wide range of mortgage products and low interest rates with customer confidence remaining robust". ...
UK house price average surges by £4,000 in December image
Source : Guardian [Read Article] Monday 9th of January 2017 11:20:19 AM
.... Slower economic growth, pressure on employment and a squeeze on spending power, together with affordability constraints, are expected to reduce housing demand during 2017. “UK house prices should, however, continue to be supported by an ongoing shortage of property for sale, low levels of housebuilding, and exceptionally low interest rates. ...
No one can afford to stop the new consumer credit crisis image
Source : Guardian [Read Article] Sunday 8th of January 2017 07:05:11 AM
.... Some, like Lloyds Bank, which wants to buy the credit card firm MBNA, are striving to gain market share and hoover up even more debt-laden customers than the competition. You might think that low interest rates, which undoubtedly keep millions of families afloat, also serve to push many families deeper into debt. ...
How to get FREE £200: Bank accounts offering the best opening perks image
Source : Daily Express [Read Article] Saturday 7th of January 2017 05:08:00 PM
. Providers are offering hundreds of pounds in the hope of attracting new customers through the door - and amid ultra low interest rates, it's one way to generate some surplus money. ...
How to make the most of booming Britain as the stock market hits record highs image
Source : Daily Express [Read Article] Wednesday 4th of January 2017 12:01:00 AM
....Risks and rewards. Savers frustrated by today’s record low interest rates may be tempted to take a punt on the stock market, but must also be aware of the risks. ...
FTSE 100 ends 2016   at all-time high after surge in    dollar earners image
Source : Guardian [Read Article] Friday 30th of December 2016 01:30:19 PM
....A stable performance from the UK economy despite the dire warnings ahead of the EU referendum also provided support, and a recovery in the oil price was also factor in the rise of commodity companies. Banking shares moved higher in the second half of the year on signs that the prolonged period of low interest rates could be over, with the US Federal Reserve raising borrowing costs in December and the likelihood of a UK rate rise increasing. ...
London house prices rise less than UK average for first time since 2008 image
Source : Guardian [Read Article] Thursday 29th of December 2016 09:11:01 AM
....”. Nationwide said a small rise in UK house prices of about 2% next year was more likely than a drop, because of a shortage of homes on the market and low interest rates that would help to drive demand for mortgages. ...
House price growth stable in 2016, says Nationwide image
Source : BBC [Read Article] Thursday 29th of December 2016 08:16:04 AM
...."Like most forecasters, including the Bank of England, we expect the UK economy to slow modestly next year, which is likely to result in less robust labour market conditions and modestly slower house price growth," he said. "But we continue to think a small gain… is more likely than a decline… since low interest rates are expected to help underpin demand, while a shortage of homes on the market will continue to provide support for house prices. ...
Britons putting away money in anticipation of Brexit slowdown image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:47:22 AM
....8bn over the same period in 2015. Rebecca Harding, chief economist at the BBA, said: “A corollary of a low interest rate environment is a growth in deposits and we’ve seen personal deposits, in particular, grow more strongly in recent months as consumers hoard cash in the absence of higher-yielding, liquid investment opportunities. ...
Mark Carney's year in quotes: 'We are actors in a play written by others' image
Source : Guardian [Read Article] Wednesday 28th of December 2016 11:29:51 AM
.... The Bank stepped in with an interest rate cut and more electronic money printing. There was a fresh onslaught from politicians in autumn as senior Tories lambasted the Bank over the effects of low interest rates, but after weeks of speculation over his future Carney agreed to stay on as governor for an extra year until the Brexit deadline is expected to expire in 2019. ...
Brexit bounce sends confidence soaring in housing and stock markets image
Source : Daily Express [Read Article] Wednesday 28th of December 2016 07:27:00 AM
....”. Martin Ellis, housing economist at Halifax, said growth should slow to between 1 and 4 per cent by the end of next year: “Prices should continue to be supported by the shortage of properties, low levels of housebuilding and low interest rates. ...

Page rendered in 1.9920 seconds.