Half of UK adults are financially vulnerable, City watchdog finds
FCA figures will increase concern among policymakers over how British households will cope with an interest rate rise The FCA has found that 4.1 million people are already in serious … Continue reading
Bank of England rift as chief economist ponders interest rate rise
Andy Haldane reveals he seriously considered opposing governor Mark Carney in MPC vote earlier this month Andy Haldane says tightening monetary policy too late could result in steeper rate rises … Continue reading
Bank of England keeps UK interest rates on hold as it warns on inflation
Monetary policy committee is split 8-1 as members decide base rate of 0.25% is appropriate for post-referendum economy The Bank of England. The split in the MPC vote was the … Continue reading
World set for emerging market mass default, warns IMF (yes, me too)
Higher US interest rates will expose weaknesses in emerging market corporations which have gorged themselves on cheap debt, IMF warns The IMF said market liquidity, or the ease with which … Continue reading
We mustn’t ban cash or inflate the pound
Andrew Haldane, the Bank of England’s chief economist, could hardly be any more wrong with his latest economic plan Money is already too loose – turning on the taps would … Continue reading
UK may have to cut interest rates, warns Bank of England chief economist
Andy Haldane suggests a rate cut may be more beneficial to economic growth, given signs that a third phase of the global financial crisis is looming The Bank of … Continue reading
Strong growth paves way for Bank of England to raise rates next year
The Bank’s decision makers are expected to be split for the first time this year over the timing of rate rises Bank Rate was cut to 0.5pc in March 2009, … Continue reading
Bank of England or Federal Reserve: Who will move first on interest rates?
Interest rate rises are on way for the first time since the financial crisis – what will it mean for either side of the Atlantic to go first? Central bank … Continue reading
Pound jumps as Bank of England warns on inflation risk
Risk of higher inflation may prompt the Monetary Policy Committee to raise the Bank of England’s interest rate The Monetary Policy Committee voted to keep the Bank’s rates on hold … Continue reading
Windfall for tourists as pound hits new high against plunging euro
Talk of interest rate rise fuels seven-year high against euro but makes life tougher for UK exporters and puts unwelcome focus on household finances A strong pound means greater spending … Continue reading
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