Alex Lyle, director of Richmond property company Antony Roberts, mentioned: "Another rate hold will be viewed as another step in the right direction, fuelling hopes that longer-term stability on rates is on the way and that they might even start to come down in...
In November, six members voted to depart charges alone, whereas three known as for a quarter-point hike to five.5%. This time round, there's speak within the Square Mile of a three-way break up, with some MPC members calling for a lower and others for...
Plum’s CEO and Founder, Victor Trokoudes, stated: “While the UK’s big banks have been quick to increase interest rates on loans and mortgages, they have been far slower in boosting interest rates on savings accounts, effectively devaluing people’s hard-earned savings. The cost-of-living crisis shows...
The FCA letter on 28 September 7 to the brokers mentioned: “Where interest payments are accrued on customers’ cash balances held by firms, this should be carefully considered as part of fair value assessments and to ensure appropriate disclosure, especially in the current economic...
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Mortgage holders who're attempting to lower painful rises of their month-to-month funds would possibly danger added monetary ache additional down the road, officers on the Bank of England have warned.The Bank’s Financial Policy Committee (FPC) mentioned that, confronted with increased rates of interest, many...
