Tagged: manx financial

UK GDP Ekes Out Positive Number for February

The UK economy barely posted a positive figure in February, according to the Office for National Statistics.  Monthly GDP is said to have grown by 0.1% in February 2024, following growth of 0.3% in January 2024. The consecutive growth indicates that the UK has exited… Read More

After Fed Holds Steady, the Bank of England Does the Same

Yesterday, the US Federal Reserve decided it was prudent to hold rates where they are for the time being, and today, the Bank of England decided to do the same. The Bank of England’s Monetary Policy Committee (MPC) has a similar target with inflation as… Read More

UK Inflation Remains Elevated, Far Above 2% Target

The UK Consumer Prices Index (CPI) rose by 6.7% in the 12 months to September 2023, the same rate as in August, according to the UK Office for National Statistics. The CPI rose by 0.5% in September 2023, the same rate as in September 2022…. Read More

UK: Conister Bank Approved for Deposits

Conister Bank, part of Manx Financial Group  (LSE: MFX.L), has been approved for a UK deposit-accepting license. Conister Bank was already approved to hold deposits in the Isle of Man. Conister states that is the first time an Isle of Man bank has been approved… Read More

Bank of England Increases Interest Rates by 50 Basis Points, Experts Comment

The Bank of England’s Monetary Policy Committee (MPC) voted 7 to 2 to increase its benchmark rate by 50 basis points to 4.0%. The bank said that two members preferred to hold rates steady for now. The issues remain the same; stubborn inflation and geopolitical… Read More

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