The Bank of England will axe mortgage affordability guidelines designed to prevent people from financially overstretching. Following its latest review of the mortgage market, the central bank’s Financial Policy Committee has confirmed…
Tag: England
ALEX BRUMMER: Chancellor Rishi Sunak Takes On Bank Of England
A key ritual in the quarter-of-a-century since the Bank of England gained its independence is the requirement that the Governor writes to the Chancellor with his excuses when the inflation target is…
Industry Reaction: Bank Of England Rate Rise Only Pushing Problems Further Down The Line
The BoE raised interest rates to 1.25%, up from 1% in its continued battle to fight inflation in the UK, which it expects to peak at 11% in October. It was the…
Bank Of England Makes Fifth Consecutive Interest Rates Hike
The central bank’s Monetary Policy Committee voted six to three to raise rates by 25 basis points, with the rest voting for a 50 basis points rise. This move was widely expected,…
Rate hikes: What will the Fed and Bank of England do?
The Federal Reserve is widely expected to hike interest rates by 75 basis points later today as the US central bank takes action against soaring inflation. Investors are betting that a higher-than-expected…