The Bank of England’s anticipated relaxation of lending rules this week risks a potential housing price crash, according to property firm DJ Alexander Ltd. The firm said that the banks’ predicted decision to ease the stress testing limits to allow increased borrowing for buyers will pote
Bank Of England
The Bank of England has increased the interest rate for the third time in four months, with rates rising from 0.5% to 0.75%. The increase means that rates are now at their highest level since March 2020, when COVID-19 lockdowns were first implemented.
The number of homeowners remortgaging their properties crept back towards pre-coronavirus pandemic levels at the end of 2021, according to new figures published by the Bank of England (BoE).
The Bank of England has launched a consultation on whether to scrap affordability rules for mortgage lending. In 2014, the bank's Financial Policy Committee (FPC) introduced two Recommendations to guard against a loosening in mortgage underwriting standards and a material increase in household indeb
The Bank of England’s Monetary Policy Committee (MPC) has voted to increased interest rates by 0.25% to 0.5%. The committee voted by a majority of 5-4 at a meeting yesterday.
The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.
UK interest rates will remain at their historic low of 0.1% for at least another month, the Bank of England's monetary policy committee has decided. The committee voted by 7-2 to maintain the existing base rate, despite considerable speculation that it would back an increase. Two members backed an i
The Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA) and Bank of England are seeking views on regulatory plans to improve diversity and inclusion in financial services. In a discussion paper, the regulators have set out policy options including, among others, the use of targe
The Bank of England (BoE) has forecast that annual inflation would likely surpass 3% for a "temporary period". Yesterday, the bank announced the revised forecast at its monthly Monetary Policy Committee meeting where it also decided to hold the UK base rate at 0.1%.
The Bank of England's (BoE) new £50 note has entered circulation today. The note is the bank's first polymer £50 note and features the scientist Alan Turing.
Bank of America Merrill Lynch and Credit Suisse have urged the Bank of England (BoE) to raise interest rates faster than expected to avoid soaring inflation rates. The call comes as the two banks brought forward their projections for the first interest rate rise since August 2018. While the lenders
The UK is set to experience the strongest economic growth since the Second World War this year, with a faster-than-expected recovery from the coronavirus pandemic, according to the Bank of England. The bank has hiked its estimate for UK GDP growth to 7.25% in 2021, up from February’s forecast
A plunge in credit card spending in February contributed to the biggest fall in consumer borrowing in 27 years, according to figures published by the Bank of England (BoE). With British consumers paying back more than they borrowed, consumer borrowing dropped by 9.9% annually, marking the biggest co
The Bank of England (BoE) has held interest rates at a record low of 0.1%. The bank met expectations at the March Monetary Policy Committee (MPC) meeting, with unanimous 9-0 votes both to keep interest rates at 0.10% and the stock of asset purchases at £895 billion.
Andrew Bailey, the governor of the Bank of England (BoE), has said that the UK economy is set to return to pre-pandemic levels by the end of this year. This morning, Mr Bailey said that a recent rise in interest rates in financial markets was consistent with an improvement in the economic outlook.