Friday, 23 June 2023 Average fixed mortgage rates are largely unchanged following the Bank of England's shock announcement of a 5% base interest rate, according to a financial information company.
Mortgage lenders have arrived at Downing Street ahead of talks with Chancellor Jeremy Hunt to discuss the Bank of England’s decision to raise the interest rate to 5%. Virgin Money's David Duffy, NatWest's Alison Rose, Lloyd's Charlie Nunn and Nationwide's Debbie Crosbie were among the CEOs spotted...
Chief Cashier of the Bank of England Sarah John has welcomed the new bank notes featuring a portrait of His Majesty The King. The King welcomed Mrs John and Governor of the Bank of England Andrew Bailey to Buckingham Palace, where he was presented with £5, £10, £20 and £50 notes. These are the first notes which feature the image of His Majesty. Mrs John said it's "a great pleasure to be able to show the King what he's going to look like on the bank notes of the future." Mrs John revealed the bank notes will be released to the general public on the 5th of June. Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The King welcomed Bank of England Governor Andrew Bailey to Buckingham Palace, who presented him with the first bank notes featuring his portrait as monarch. The portrait of His Majesty which appears on the notes is based on a portrait that was provided by the Palace to the Bank of England.
Report by Kennedyl. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the economy is “not yet at the point” where rates can be lowered, but things are “moving in the right direction”. For the first time since September 2021, no-one on the nine-person decision-making body that sets interest rates voted for an increase.
Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Chancellor Jeremy Hunt announces UK inflation fell to the lowest level in more than two years, to 3.4%. He would not be drawn on whether the fall would allow him to announce pre-election tax cuts in an autumn statement. Mr Hunt said: “What I’m really saying is that as inflation gets closer to its target, that opens the door for the Bank of England to consider bringing down interest rates, that brings down mortgage rates, that makes a very big difference. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
Demand for Mortgages Rises, , Despite Increasing Rates.
Last week, mortgage rates continued
to climb higher in the United States.
NBC reports that the increase has not
impacted mortgage demand, as..
Credit: Wibbitz Top Stories Duration: 01:30Published
Rachel Reeves says a Labour government would “provide instructions” for banks and lenders to help mortgage holders during times of high interest rates. The shadow chancellor says lenders should..
Federal Reserve , May Pause Aggressive , Rate Hikes.
NBC reports that with low unemployment and high
inflation, the Federal Reserve is still likely to
increase interest rates to try and cool the..
Credit: Wibbitz Top Stories Duration: 01:31Published
Friday, 23 June 2023
Average fixed mortgage rates are largely unchanged following the Bank of England's shock announcement of a 5% base interest rate, according to a financial information company.
![Banking Chief welcomes new notes featuring King's portrait [Video]](https://video.newsserve.net/300/v/20240409/1372233520-Banking-Chief-welcomes-new-notes-featuring-King.jpg)
![The King is presented with bank notes featuring his portrait [Video]](https://video.newsserve.net/300/v/20240409/1372231250-The-King-is-presented-with-bank-notes-featuring.jpg)
![Bank of England keeps interest rates on hold [Video]](https://video.newsserve.net/300/v/20240321/1370074186-Bank-of-England-keeps-interest-rates-on-hold.jpg)
![Chancellor hails inflation rate fall to 3.4% [Video]](https://video.newsserve.net/300/v/20240320/1369692662-Chancellor-hails-inflation-rate-fall-to.jpg)
![Demand for Mortgages Rises, Despite Increasing Rates [Video]](https://video.newsserve.net/300/v/20230628/1354703515-Demand-for-Mortgages-Rises-Despite-Increasing-Rates.jpg)
![Labour call for direct help for mortgage holders [Video]](https://video.newsserve.net/300/v/20230622/1354431639-Labour-call-for-direct-help-for-mortgage-holders.jpg)
![Federal Reserve May Pause Aggressive Rate Hikes [Video]](https://video.newsserve.net/300/v/20230614/1354111080-Federal-Reserve-May-Pause-Aggressive-Rate-Hikes.jpg)
