Bank of England’s super-sized rate increase to come a day before mini-budget
The Bank of England will announce a significant rate hike later this week, just one day before a mini-budget from the new Chancellor
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Housing market set for ‘challenging period’ amid rate increases
Industry experts have warned that the housing market faces more demanding challenges amid rising interest rates and soaring living costs.
Why aren’t banks passing on rate increases to savers?
Recent research has found that most banks and building societies have failed to pass on the latest 0.5% rate hike to savers, with only one passing on the full rate increase.
Are continued rate increases a one-way ticket to a deeper recession?
Industry experts have expressed concerns that continued interest rate hikes in Britain could lead to the nation experiencing a far deeper recession.
Banks quickly pass on rate increase to borrowers
Following a 50 basis point rate hike from the Reserve Bank of Australia, three of the four major lenders in Australia have passed on the increase to variable rate borrowers.
Mortgage costs rise by more than 21% due to interest rate increases
Recent research has shown how the five base rate increases that have been implemented by the Bank of England since December 2021 have taken their toll on mortgage costs.
Rents rise at quickest pace since 2008 amid rate increases
As interest rates and inflation continue to increase in Australia, rents have risen at the fastest pace seen in 14 years.
How do inflation and interest rate increases affect your finances?
Inflation and interest rates can significantly impact your everyday spending, as you’re probably experiencing first-hand!
Bank chief says rate rises could continue amid latest increase
The RBA’s Philip Lowe has indicated that interest rate increases are set to continue for the foreseeable future, and that half-percentage point increases could become the norm.
Bank of England increases base rate by 0.5% with claims UK may already be in a recession
The Bank of England has increased the base interest rate for the seventh time in a row, hiking it by 0.5% and taking it to 2.25%