Interestrate.co.uk

InterestRate.co.uk - Everything you need to know about interest rates and how they influence the world of finance.
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Are credit union interest rates more competitive? - InterestRate.co.uk
A credit union is an organisation where members can save money or take out loans. Credit unions operate on a non-profit basis, allowing them to offer and charge competitive interest rates. We can earn interest by depositing money in credit union savings accounts and enjoy the Financial Services Compensation Scheme protection limit of £85,000. If … Read More »
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Bank of England interest rate predictions 2023 - InterestRate.co.uk
Members of the Bank of England Monetary Policy Committee (MPC) have had more than enough to discuss over the last three or four years. Rising energy prices, inflation, Covid and the Ukraine crisis, not to mention the ongoing uncertainty surrounding Brexit, have created a potent monetary policy mix. Then we had the recent autumn statement, … Read More »
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Political decisions mean rates will rise again - InterestRate.co.uk
Chancellor of the Exchequer Jeremy Hunt came under severe pressure after his autumn budget statement, will his tax rises impact short-term interest rates? There is growing concern that delaying the worst tax rises for another two years will not help the Bank of England in its quest to control inflation. So, could there be more short-term pain before the tax increases have an impact?
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Bank says early retirement fuelling rate rises - InterestRate.co.uk
The Chief Economist of the Bank of England, Huw Pill, has warned that further interest rate hikes are on the cards due to a surge in the number of people retiring early.
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Banks to shift away from ‘jumbo’ rate hikes - InterestRate.co.uk
Following a spate of jumbo rate hikes over recent months, economists are predicting that central banks will now adopt a gentler strategy with smaller rate hikes as inflation starts to cool.
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First-time buyers facing doubled lifetime interest costs
A recent study carried out by a leading think tank has shown that young first-time buyers could be facing more than double lifetime interest costs
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Bank of England hikes interest rates to 3% - InterestRate.co.uk
In a move that financial analysts expected, the Bank of England has increased interest rates by 0.75%, with the bumper hike taking the base rate to 3%.
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London homeowners set for more mortgage rate misery
With the Bank of England expected to hike the base rate by 0.75% this week, many Londoners with mortgages are set to feel the impact of soaring repayments.
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Government action leaves bank in the dark - InterestRate.co.uk
Following the Chancellor’s decision to push back his autumn statement by over two weeks, the Bank of England has been left in the dark in the run-up to its next MPC meeting.
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Bank of England set to raise base rate by 75 basis points
As inflation continues to soar, the Bank of England will likely increase the base rate by the highest level in more than three decades later this week.
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Record inflation set to keep rates higher for longer
The latest inflation figures in Australia show that inflation has soared to its highest level since 1990, sparking fears that interest rates will now have to remain higher for longer
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Finance expert advises people to consider mortgage overpayments as fixed-rates end - InterestRate.co.uk
As many people are currently enjoying relatively low fixed-rate mortgages, with savings rates increasing, it is likely more beneficial
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Rate peak set to be lower as Sunak becomes PM
As Rishi Sunak finally becomes the UK’s Prime Minister, data has been released suggesting that the interest rate peak in the UK could be lower than originally forecast
the british money has been placed in an open wallet
Bank raises rates to seven-year high - InterestRate.co.uk
New Zealand’s central bank, the Reserve Bank of New Zealand, has raised interest rates by a further 0.5%, which has taken the base rate to its highest level in seven years.
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Interest rate rise biting into housebuilder sales - InterestRate.co.uk
UK housebuilding giant Bellway has confirmed that demand for housing has “moderated” since the summer. As a result, the company expects sales to be flat during the current trading year compared to the 12 months up to 31 July 2022. During this period,