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Reduction follows Bank of England’s base cut in December, with further cuts expected this yearHSBC has become the first major lender to cut mortgage rates this year, a move that could spark a price war over the coming months.The banking group, which is…
While last year’s 8.6% increase isn’t likely to be repeated, economists expect growth across the country as demand continues to outstrip supplyGet our breaking news email, free app or daily news podcastAustralian residential property values are expecte…
In an unusual turn, the central bank’s board debated over monetary policy before the latest quarter-point cutThe US Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the US ec…
Fourth cut this year is good news for homebuyers and those due to remortgage, but returns on easy-access savings accounts could dropBusiness live – latest updatesThe Bank of England gave millions of borrowers an early Christmas present on Thursday when…
Quarter-point cut widely forecast in City following steep fall in inflation and weak economic dataThe Bank of England has cut interest rates by a quarter point for the fourth time this year, delivering a pre-Christmas boost to the struggling UK economy…
Monetary policy committee, cautious in recent months, expected to respond with cut in interest ratesUK inflation falls sharply to 3.2%Business live – latest updatesThe sharper-than-expected drop in UK inflation to 3.2% last month has eliminated any lin…
Drop in November annual rate adds to case for Bank of England cut to interest rates on ThursdayBusiness live – latest updatesUK inflation fell by more than expected in November amid a slowdown in food prices, official figures show, strengthening the ca…
GDP fell by 0.1% in October as activity failed to regain momentum after cyber-attack on Jaguar Land RoverBusiness live – latest updatesBritain’s economy unexpectedly shrank in October as consumers held back on spending before Rachel Reeves’s budget and…
Chalmers flags pressure on national finances as Reserve Bank contemplates possibility of interest rate rises next year Get our breaking news email, free app or daily news podcastJim Chalmers has foreshadowed more “difficult decisions” in next week’s mi…
Discounts started earlier than usual as competition for customers hit ‘fever pitch’, says British Retail ConsortiumCompetition between retailers seeking to entice customers with early Black Friday deals led to a slowdown in shop price rises during Nove…