Bank of England’s shock warning over long term housing costs
Around half UK mortgage borrowers face higher rates over the next three years, the Bank of England has warned . The latest BoE financial stability report – released twice a year – shows 4.4m homes set to refinance at higher rates in 2025 to 2027.
Bank of England warns of risks from rise in global trade barriers
By William Schomberg, Lawrence White and Suban Abdulla LONDON (Reuters) -The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers.
Bank of England: Rising Trade Barriers Imperil Global Growth
Global trade barriers threaten global economic growth and unsettle the stability of the UK’s financial system.
Bank of England warns of risks from non-banks in future markets crisis
But it said non-banks could still cause “greater amplification” of future shocks. One concern is the risk of liquidity drying up in the repo market, in which financial groups can raise money against assets such as gilts. Another worry, according to the BoE, is that the corporate bond market could seize up due to heavy selling by investors.
Higher trade barriers pose risks to U.K. financial stability, BOE warns
The Bank of England warns of potential financial stability risks from higher trade barriers, geopolitical tensions, and pressures on government debt levels.
UK business morale ticks lower but trading prospects healthy, Lloyds Bank says
British business confidence ticked downwards in November to a five-month low but remained healthy overall, with companies ...
Bank of England issues mortgage rate warning to 4.4 million homes and sounds Trump trade alarm
The Bank of England's latest financial stability report - released twice a year - shows 4.4 million homes are set to ...
Surging government debts threaten Britain, warns Bank of England
Surging government debts threaten to hammer the British economy and drive up borrowing costs for households, businesses and ...
Bank of England finds some vulnerabilities in probe of central counterparties
The Bank of England said on Friday that a stress test of central counterparties (CCPs)- businesses that form a key part of ...
He Helped ‘Break’ the Bank of England. Now He May Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad ...
Bank of England’s Newest Rate-Setter Shows Dovish Leaning
The Bank of England may cut interest rates faster than markets are betting if the economy weakens, according to its newest ...
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Bank of England figures show millions with mortgages face 'extreme payment shock'
Half of homebuyers with a mortgage – 4.4 million - face ‘extreme payment shock’ as a result of higher repayments in the next ...
More than 4 million to see mortgage costs rise, says Bank
It estimates that about 4.4 million mortgages will see payments rise by 2027, including £500-per-month hikes for around ...