Business, Stock markets, FTSE, Federal Reserve, US economy, Economics Business | The Guardian
Rolling coverage of the latest economic and financial newsThe Bank of England is already ahead of the Federal Reserve when it comes to cutting interest rates, having lowered bank rate at the start of August.That rate cut is already revitalising the UK property sector, according to property portal Rightmove.“The first Bank Rate cut since 2020 has sparked a welcome late summer boost in buyer activity.While mortgage rates aren’t yet substantially lower since the rate cut, the fact that the long-hoped-for first cut has finally arrived, and mortgage rates are heading downwards, is positive for home-mover sentiment. As the summer holiday season comes to an end, the conditions are there for a more active autumn market. Continue reading…
Rolling coverage of the latest economic and financial news
The Bank of England is already ahead of the Federal Reserve when it comes to cutting interest rates, having lowered bank rate at the start of August.
That rate cut is already revitalising the UK property sector, according to property portal Rightmove.
“The first Bank Rate cut since 2020 has sparked a welcome late summer boost in buyer activity.
While mortgage rates aren’t yet substantially lower since the rate cut, the fact that the long-hoped-for first cut has finally arrived, and mortgage rates are heading downwards, is positive for home-mover sentiment. As the summer holiday season comes to an end, the conditions are there for a more active autumn market.
