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BankOfEngland
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Property & Planning · BarnetBarnet house prices drop 4.9% as interest rates stay at 3.75%
Barnet’s average house price fell 4.9% over the last year, according to Office for National Statistics data reported by the Standard. The Bank of England’s Monetary Policy Committee kept the Bank Rate at 3.75% on Thursday, meaning mortgage repayments could rise for many residents.
Barnet3 min readTrust 68 · Craft 87 · Hype 35
WorldFTSE 100 hits record high but closes lower
The FTSE 100 index reached a new intra-day peak but finished trading down. The Bank of England maintained its interest rate at 3.75% with a split vote, while US inflation figures indicated a slowdown in price increases.
4 min readTrust 42 · Craft 55 · Hype 15
WorldBank of England set to hold interest rates at 3.75% on 30 July
The Bank of England is expected to keep the base interest rate at 3.75% at its 30 July meeting, despite rising oil prices and renewed Middle East conflict. Inflation fell to 2.6% in June, but economists warn of potential future increases due to energy costs and geopolitical risks.
5 min readTrust 40 · Craft 55 · Hype 35
WorldMortgage Lending Rises Despite Higher Rates
Mortgage lending in June surged to £7.7 billion, more than double May's figure, with mortgage approvals for home purchases also rising. This occurred despite an increase in average fixed mortgage rates, with experts suggesting a response to economic stability.
2 min readTrust 68 · Craft 87 · Hype 15