Topic
InterestRates
5 stories, newest first.
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- World
US Borrowing Costs Reach 19-Year Peak
US government borrowing costs have climbed to their highest point since 2007 following the Federal Reserve's decision to maintain current interest rates. The move has raised investor concerns about the central bank's pace in addressing inflation.
3 min readTrust 30 · Craft 45 · 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
WorldThink Tank Warns on Funding for Cost-of-Living Support
The National Institute of Economic and Social Research (Niesr) has cautioned the new government against increasing borrowing to fund cost-of-living measures. They suggest tax hikes or spending reductions as necessary alternatives, forecasting persistent inflation and stable interest rates.
3 min readTrust 42 · Craft 55 · Hype 30