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UK house prices have fallen slightly in the early summer compared with the start of the year, a new survey has found. This meant prices in the second three months of the year were 0.1% lower than [...] Interest rates were kept at their record low of 0.5pc when the Bank of England announced its latest policy decision last week. The Bank’s Monetary Policy Committee (MPC) held the cost of borrowing at 0.5pc, and did not alter the £200 billion it has so far spent on quantitative easing- or printing money, to support [...] The Bank of England has been unanimous on keeping interest rate rises on hold. The Bank has kept interest rates at a record low of 0.5% – despite rising inflation. The Bank of England’s Monetary Policy Committee (MPC) agreed unanimously that interest rates should stay at 0.5% this month, minutes of the meeting show. All nine members voted [...] There was limited demand for the £2.25bn worth of long dated gilts sold by the Debt Management Office last week. However, other government bonds, such as the 10-year gilt, were under pressure following comments about stimulus measures from Andrew Sentance, who sits on the Bank’s Monetary Policy Committee. In a newspaper interview, Mr Sentance said policymakers [...] The Bank of England’s Monetary Policy Committee voted yesterday to hold interest rates at 0.5 per cent for the sixth month running. The MPC also voted to make no change to the pace at which it is pumping cash into the economy through its quantitative easing (QE) programme — retaining the size of the programme at [...] The Bank of England pegged interest rates today for a third month in a row and stayed its hand over any other changes in its recession fighting strategy as it paused for breath in its battle to combat Britain’s economic slump. The Bank opted to hold interest rates once more at their 315-year low of 0.5 [...] Loans Calculators have sat through various BoE / MPC meeting/announcements when the Central Bank have surprised the market far more frequently on the hawkish side as it turns out but never has the market been so caught out by a UK decision. The minutes in 2-weeks time have become more important than ever with the [...] But I am still of the opinion that the MPC will cut by 50bp today with a dovish set of minutes to follow and further cuts in the months to come. Having said that, there is still considerable column inches being devoted to arguments for larger cuts at today’s MPC meeting with the most extreme [...] As had been well anticipated, Senator McCain conceded the Presidential contest to Senator Obama early this morning. In the senate elections however, the Democrats have fallen short of the 60 seat filibuster-proof level that had been talked about in the run up to yesterday. Obama will now have 2 and bit months until he is [...] Two of the most respected former Monetary Policy Committee members have urged the Bank of England to cut home loans borrowing costs tomorrow. Willem Buiter and Sushil Wadhwani have warned that unless the Bank reduces rates by at least a quarter percentage point it risks leaving the economy even weaker over the coming months. However, Prof Buiter [...] Registered Office in England, 24 Charlton Drive, GL53 8ES, UK- 3506015 • Data Protection Registration Number- PZ5407728
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