The Bank of England has increased interest rates by a quarter of a percentage point to 4.25 per cent, despite the turmoil that has engulfed banking in recent weeks. The rise, which was in line with economists’ forecasts, comes a day after the latest data showed that the annual rate of… Read Full Article Here […]
This article is an on-site version of our Europe Express newsletter. Sign up here to get the newsletter sent straight to your inbox every weekday and Saturday morning Good morning. The EU is to impose curbs on imports of Chinese green technologies, according to a draft of the… Read Full Article Here FT
Wall Street stocks declined and the yield on short-term US government debt soared after Federal Reserve chair Jay Powell warned that the central bank could more aggressively raise interest rates if the economy grows too quickly. Powell’s comments sent the yield on the policy-sensitive… Read Full Article Here FT
Investors’ bets on where UK interest rates will peak have shot higher over the past month, prompting an attempt by Bank of England governor Andrew Bailey to stop markets getting carried away. Futures markets are currently pricing in a jump in the BoE’s interest rate to just above 4.6… Read Full Article Here FT
Andrew Bailey has signalled financial markets are wrong to assume the Bank of England will raise interest rates further, in a bid to convince investors that Britain’s economic outlook differs from the US and eurozone. The BoE governor said on Wednesday that the bank no longer presumed… Read Full Article Here FT
Inflation rebounded in France and Spain in February, sending European governments’ borrowing costs up as doubts increased over how quickly the European Central Bank will stop raising interest rates. French consumer prices rose 7.2 per cent in the year to February, driven to the highest… Read Full Article Here FT
Last year, Japan’s crime rate rose for the first time in 20 years, and did so quite sharply. Alarming, perhaps, and surely nothing to celebrate. Especially since, without that bump, the country was on course to become the world’s first major society to be totally crime-free. Well, sort of. Japan’s crime figures, say the criminologists, […]
But while Chip is offering much more lucrative returns, it still doesn’t exceed the current market-leading easy access rate. According to Moneyfacts Best Buys, topping the leaderboard is Yorkshire Building Society’s Rainy Day Account (Issue 2) with an AER of 3.35 percent. This account offers a competitive, two-tiered variable interest rate and savers can get […]
But while Chip is offering much more lucrative returns, it still doesn’t exceed the current market-leading easy access rate. According to Moneyfacts Best Buys, topping the leaderboard is Yorkshire Building Society’s Rainy Day Account (Issue 2) with an AER of 3.35 percent. This account offers a competitive, two-tiered variable interest rate and savers can get […]
US stock markets steadied on Tuesday despite disappointing inflation data that raised the prospect of more aggressive interest rate rises than investors had previously expected. Wall Street’s benchmark S&P 500 index swung between gains and losses, but was trading flat by mid-afternoon, holding on to the gains made in strong trading on Monday. The tech-heavy […]