The prospect of higher interest rates weighted on Britain’s housing market last month, with downward pressure on house prices increasing for the first time in four months, the Royal Institution of Chartered Surveyors said this week.
Former City trader Christian Bittar has become the eighth person to have his conviction for rigging interest rates quashed, just days after five other former bankers also successfully cleared their names.
Macquarie Capital's Viktor Shvets says that inflationary pressures are unrelated to the overheating economy, labor or real estate markets but essentially due to scarcity of money from the AI buildout and increasing term premium ... .
The bank has boosted the interest rate this week. Kroo Bank has increased its current account interest rate to 3% for new customers, making it a Moneyfactscompare.co.uk 'pick of the week'.