Kevin Peachey Cost of living correspondent Getty Images The Bank of England is expected to keep interest rates on hold when its policymakers announce their next decision later. The Bank cut the rate to 4.25% in early May, when its Monetary Policy Committee (MPC) also hinted at more reductions to come. But analysts think those...
People and businesses in the US have faced a whirlwind of policy change in recent months. But one thing has remained fixed: borrowing costs set by the US central bank. The Federal Reserve stuck with that strategy on Wednesday, voting to leave its key interest rate unchanged. The decision marked the fourth in a row...
Getty Images In a survey of 14,000 people, one in five respondents said they haven’t had or expect they won’t have the number of children they want Namrata Nangia and her husband have been toying with the idea of having another child since their five-year-old daughter was born. But it always comes back to one...
The European Central Bank (ECB) has cut its key interest rate for the eighth time in just over a year as it warned about continuing pressure on the eurozone from Donald Trump’s tariffs. The main rate has been reduced from 2.25% to 2% by the ECB, which sets rates for the countries that use the...
BBC Steve Fussell, owner of Studio 4 Street in Totnes, says the business has to close A picture framing shop in Totnes is closing its doors after four years, claiming it is because of “unfair” business rates. Studio 4 Street had been trading well, but owner Steve Fussell said it is not worth the effort...
The US central bank has warned that President Donald Trump’s tariffs have created “so much uncertainty” that it is unsure what to do about interest rates. The Federal Reserve announced on Wednesday it would keep interest rates unchanged, despite pressure from Trump to lower borrowing costs. But Fed chairman Jerome Powell said the economic fallout...
Donald Trump has attacked the head of the US central bank for not cutting interest rates, stating that Jerome Powell’s “termination cannot come fast enough!”. The US president took to social media to renew his criticism of Powell ahead of the third interest rate cut this year by European Central Bank (ECB). On Thursday, it...
This story was originally published by ProPublica. ProPublica is a Pulitzer Prize-winning investigative newsroom. Sign up for The Big Story newsletter to receive stories like this one in your inbox In the past six months, two babies in Louisiana have died of pertussis, the disease commonly known as whooping cough. Washington state recently announced its...
Barclays has become the biggest UK lender so far to cut mortgage rates as the continued uncertainty caused by US tariff policy raises expectations of interest rate cuts this year. Barclays is reducing the rate on certain fixed-term deals to 3.99%, joining several other lenders who have cut mortgage rates this week. US President Donald...
A growing number of UK lenders are cutting mortgage rates as the fallout from US tariffs continues to fuel forecasts of deeper than expected interest rate cuts. Coventry Building Society became the largest mortgage provider to trim its two-year fixed rate mortgage to below 4% on Wednesday, joining a number of lenders who made similar...
Lenders are set to cut rates on mortgages after turmoil from US President Donald Trump’s tariff policy raised expectations that UK interest rates could be cut further this year. TSB Bank said it will reduce some two-year fixed rate mortgages by up to 0.25 percentage points on Wednesday, following MPowered Mortgages which trimmed rates on...