Interest rates could fall to as low as three per cent in 2025 as the Bank of England slashes the cost of borrowing in response to lower inflation.
Price rises in the UK have eased by more than anticipated in February, official figures show, raising expectations that the Bank of England might start cutting interest rates in the next few months. The Office for National Statistics said inflation, as measured by the consumer price index, fell to 3.4 per cent, its lowest level […]
The Consumer Prices Index including owner occupiers' housing costs (CPIH)
Reddit’s shares have opened 38 per cent above the initial public offering price in their debut on the New York Stock Exchange. The development values the social media platform at $US8.87 billion ($A13.50 billion). The San Francisco, California-based company priced its IPO at the top end of the $US31 to $US34 range. The IPO valued […]
The inflation rate dropped slightly faster than expected in February, hitting 3.4% during the month, the lowest for two and a half years.
Springfield’s gas prices have risen 6.2 cents per gallon over the past week.
Annual registrations of zero-emission vehicles (ZEV) surpassed the 10-per-cent mark of total new registrations in Canada for the first time in 2023. That milestone announcement comes at a time when recent reports point to more conservative future sales forecasts, as well as downward production adjustments by automakers. Statistics Canada data released this month show ZEVs […]
The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come.
U.K. inflation came in lower than expected at 3.4% year-on-year in February, official figures showed Wednesday, down from 4% in January.
Data from property website Rightmove finds average asking price has reached almost £370,000An increase in buyer demand and stronger house sales during March have combined to push the average UK home’s asking price up by a further £5,279 to almost £370,000, as the market picks up after a “muted 2023”.According to the UK’s biggest property website, Rightmove, this month’s 1.5% price growth is notably higher than the historical March average of 1%, and is the biggest monthly increase for 10 months....
The UK government has stopped being a controlling shareholder in Natwest after reducing its stake in the bank to below 30 per cent.
By PAN PYLAS Associated Press LONDON (AP) — The Bank of England is expected to indicate that interest rates could be cut in the coming months following news that inflation across the U.K. is falling faster than expected. The central bank is expected to keep its main interest rate unchanged Thursday at the 16-year high