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
Read more in: General News, Global | Tagged andy mielczarek, bank of england, douglas grant, interest rates, manx financial, smartsave
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
Read more in: Global, Politics, Legal & Regulation | Tagged andy mielczarek, douglas grant, inflation, jatin ondhia, jeremy hunt, manx financial, shojin, smartsave, uk, united kingdom
The Bank of England has raised its benchmark interest rate by 50 bps, increasing from 4.5% to 5%. Today, the Monetary Policy Committee (MPC) voted by 7 to 2 to increase by 50 bps. Two of the members wanted to remain at the current 4.5%… Read More
Read more in: Politics, Legal & Regulation, Fintech, Global, Opinion | Tagged andrew boyajian, andy mielczarek, bank of england, giles coghlan, hycm, interest rates, jatin ondhia, shojin, smartsave, tink, uk, united kingdom
The Bank of England has increased its benchmark rate by 25 bps as anticipated. According to a statement by the Bank, the Monetary Policy Committee (MPC) voted 7 to 2 to raise rates to 4.5%, with the dissenters preferring to hold rates at 4.25%. Similar… Read More
Read more in: Global, Opinion, Politics, Legal & Regulation | Tagged andy mielczarek, bank of england, giles coghlan, hycm, interest rates, jatin ondhia, shojin, smartsave
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