Bank of England warns of rising global risks to UK financial stability
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Reading Time: < 1 minute The Bank of England has warned the UK faces growing risks from weaknesses in the global financial system and rising political tensions. …
The Bank of England is preparing the ground for lower interest rates
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Reading Time: < 1 minute They call those who are broadly in favour of lower interest rates “doves”. Those who are keen on higher borrowing costs are…
UK sees biggest increase in poverty for 30 years
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Reading Time: < 1 minute The energy price crisis caused the sharpest increase in UK absolute poverty in 30 years, new figures show. Read More
Turkey's central bank hikes rate to 50% as inflation rises
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Reading Time: < 1 minute Turkey’s central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world’s highest inflation rates…
Bank of England keeps interest rates on hold, but shows signs of cuts to come
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Reading Time: < 1 minute The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that…
Bank of England to cut interest rates in June, economists forecast
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Reading Time: < 1 minute The Bank of England is set to start cutting interest rates in June, according to a City A.M. poll of top economists, as…
'Are we missing something?' - Shock as Halifax becomes fourth lender to up mortgage rates today
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Reading Time: < 1 minute Mortgage brokers were shocked as Halifax became the fourth major mortgage lender to up interest rates today, despite relative calm in the financial markets that tend to set home loan prices. Read…
Nigeria tightens security as food theft continues
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Reading Time: < 1 minute Nigerian authorities have heightened security at government food stores around the country amid a crisis.Read More…
NIGERIA: Customs suspend rice sale after seven die in stampede
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Reading Time: < 1 minute The Nigeria Customs Service, on Monday, announced the suspension of the sale of foodstuffs following a stampede that reportedly killed seven persons.Read…
Dutch-style mortgages come to Britain
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Reading Time: < 1 minute A Dutch lender is offering Britain’s borrowers mortgages where the interest rate automatically falls as the size of the loan shrinks. Read…