All news on the topic: Interest rates

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Bank of England Governor Andrew Bailey says UK's recession is 'very weak'
Bank of England Governor Andrew Bailey has said that inflation does not need to reach 2% before the Bank starts cutting interest rates
918
New probe launched into supply of baby formula milk after 25% price hike
The Competition and Markets Authority said it has begun a study into formula milk market
687
Bank of England 'no longer competent' and its freedom 'must be questioned'
Conservative MP Sir Jacob Rees-Mogg took aim at the Bank of England's response to economic events as Labour used a Commons urgent question to raise concerns over the UK falling into recession
589
Grocery CEO warns of price hikes as he shares real reason behind soaring prices
Metro Inc shoppers should prepare for imminent price hikes as CEO Eric La Fleche announced that a myriad of factors have negatively impacted the company's supply chain
939
'Michael Beale was Sunderland's Liz Truss - he was doomed from day one'
Sunderland have parted company with Michael Beale after just 63 days and 12 matches - six of which were defeats in an ill-fated tenure where he quickly drew the ire of Mackem fans
716
Buy-to-let mortgage borrowing among the over-55s has 'fallen off a cliff'
The number of later life buy-to-let mortgages handed out to older landlords has more than halved in a year, according to new figures
1318
Moneysupermarket profits rise as customers switch car and home insurance
The group, which helps customers compare deals, reported an 8% rise in pre-tax profits to £92.1 million for 2023, with sales up 11% at £432.1 million
759
Record £5.2 billion annuity sales due to higher interest rates, says ABI
Sales of retirement annuities reached a post-pension freedoms high last year, according to the Association of British Insurers
838
City regulator checking financial adviser firms put interests of customers first
The Financial Conduct Authority is collecting information from financial adviser firms about whether they have assessed their services in response to the new consumer duty, which requires businesses to put customers at the heart of what they do
1018
Homes in London took twice as long to sell as those in Scotland last year
The average time to sell ranged from 20 days in Scotland to 40 days in London, according to Zoopla.
771
NatWest appoints new chief executive as bank reveals highest profit since 2007
The bank reported a pre-tax profit of £6.2 billion for 2023, which is the highest since the £9.9 billion made just before the global financial crisis in 2007
1394
Rishi’s promises to kickstart economy in tatters as UK plunges into recession
There are concerns there will be yet more savage cuts to decimated public services - the Office for National Statistics, on Thursday, said the economy shrank by a worse-than-feared 0.3% in the final three months of last year
1121
Bank rate setter warns UK faces bigger inflation threat than US and Europe
Megan Greene said that the UK had faced a "double whammy" in dealing with both a tight jobs market and a trade shock
1116
Airbnb reports $349m (£278m) loss in Q4, but bookings and revenue increase
Airbnb said it's improving its business by making pricing more transparent, controlling high cleaning fees, and reducing cancellations by hosts
805
House prices fall £4k, but dip 'marginal' compared to £285k typical cost of home
The typical house price in December 2023 was £285,000, marking a 1.4% decline over 12 months, the Office for National Statistics (ONS) said
689
Sony's profit soars 13% on growing sales for music, movies and video games
Japanese electronics and entertainment company Sony sees strong sales across diverse business
686
Housing stock value fell £27bn last year, but it's still worth £8.6tn - Savills
The total value of all homes across the UK stands at £8.678 trillion
1320
Dunelm shrugs off 'difficult' trading conditions to notch up higher profits
The chain posted a 4.8% rise in pre-tax profits to £123 million for the six months to December 30 after sales lifted 4.5%
1288
Inflation unchanged at 4% beating fears it would rise - what it means for you
CPI inflation is a measure of how the price of goods and services have changed over time - when it is higher, it means costs are rising faster compared to this time last year
1168
Rosey outlook unlikely on Valentine's Day as inflation set to rise again to 4.2%
Economists expect the figures will show that Consumer Prices Index inflation - a measure of the costs that households face - rose from 4.0% in December to 4.2% in January
1085
Unemployment falls as wage growth beats forecasts in blow to rate cut hopes
The jobs market is showing resilience with the unemployment rate slipping down to 3.8%
1230
Locations with biggest concentrations of property value rises and falls revealed
Zoopla estimated that around one in five (21%) properties held their value last year with no significant change
1069
Azzurri Group upbeat about future of restaurant chains despite £16.4m losses
The group disclosed that it had seen a 21% jump in underlying earnings before interest, tax and exceptional items
662
Bellway sees 'encouraging' signs of buyers returning after interest rates cut
The housebuilder said it has seen a pick-up in reservations since the start of the year