Bank Of England
- BusinessAOL
Interest rate rise: What it means for savings and pensions
The Bank of England has announced the first rise in Base Rate since July 2007. Before we get into the details of what this might mean for your finances, it's worth providing a bit of context. As you're probably aware, 0.5% is the same
6-min read - BusinessAOL
How the value of the pound affects you
While you might hear about the progress of the pound on a daily basis, do you really know what it means for you? Here we take a closer look at how the fluctuating value affects people in their daily lives. See also: Everything you need to
1-min read - NewsAOL
Increase in car finance is unlikely to cause credit crunch despite Bank of England fears
The Bank of England has said it is worried that the current increase in people taking out car leases could cause an economic collapse. However, this has been strongly denied by the automotive industry. According to The Telegraph, those within the
- BusinessAOL
Are interest rates about to rise? What does it mean for you?
Consumer spending is in the doldrums, the political landscape is in disarray, Brexit hangs in the balance, and the stock market has taken a hammering. So when the Bank of England met to decide what to do with interest rates, the vast majority of
4-min read - BusinessAOL
Don't bet on interest rates rising this year
We're coming to the last seconds of central bankers' 15 minutes of fame." I'm mildly jealous. It's a nice line. Not a great line, sure, but it sums up what's going on in the macroeconomic world pretty well. Central
5-min read - BusinessAOL
Bank forecasts more inflation: what it means for you
The Bank of England has issued its inflation forecast, and it makes worrying news for us all. It says inflation during 2017 will be 2.7% - up from a prediction of 2% back in August. The experts agree that we will finally see prices at the
3-min read - BusinessAOL
Inflation or war? Best hope for inflation
Inflation. It looks like it might be back. The average economist now believes that the consumer price index will hit 3% over the next few months, says the Telegraph. Oxford Economics said last week that it is already nearing 1.3% and September
3-min read