The Bank of England raised interest rates by 25 basis points to 5 percent this afternoon. The move was not unexpected as despite recent decrease in oil prices the CPI only eased marginally from 2.5 percent in August to 2.4 percent in September. Worries remained that the broader Retail Price Index (RPI) increased from...
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Today we continue with our pick of media analysis of interest rates in the UK. Failing a complete shock the rates are expected to rise 25 basis points to 5 percent this week. As we outlined yesterday, the Reserve Bank of Australia increased rates to 6.25 percent with strong hints that this will not...
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As the globe spins so does the decision time for central banks about their country’s interest rates. Firs off the post this week was Australia, followed by the UK then the Fed in the USA. Strike one, the Australian Reserve Bank (RBA) increased rates by 25 basis points to 6.25 percent. Nobody was surprised...
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With the likelihood of base rate increases in the UK on Thursday we’ve been scouring various analysis in the media for hints of whether this will be the last rate increase or not. A few months ago figures and analysis pointed to the likelihood that rates would increase just one more time at the...
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It seems that the vultures are beginning to circle around the Bank of England. As we reported in our previous article, Institute of Directors have outlined that their own report points to increases in bank rates needed. Adding more fuel to the fire comes a report from BDO Stoy Hayward outlined in BN that...
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