Bank of England currency printer De La Rue sold for £300m

Creative Media NewsTuesday, 15 October 2024, 13:230

Crane NXT, a New York-listed industrial technology business, completed the acquisition of De La Rue's authentication section late Monday night.An American predator is near to completing a £300 million acquisition of a division of De La Rue, the Bank of England's banknote printer, signaling the end of the historic company.On Monday night, Crane NXT, a New York-listed industrial technology company, was close to completing a buyout of De La Rue's authentication arm on Monday night.

Bumper US interest rate cuts try to revive sagging economy

Creative Media NewsWednesday, 18 September 2024, 21:120

Central banks worldwide are examining the cost of borrowing, with the majority planning to lower interest rates. On Thursday, the Bank of England will review whether the UK economy is prepared for another rate decrease.US interest rates have been cut for the first time in more than four years, and by more than many predicted, on fears that the world's most excellent economy is slowing.

More mortgage rate cuts as Nationwide offers 3.83%

Creative Media NewsThursday, 15 August 2024, 3:000

Major lenders continue to cut mortgage rates daily, with Nationwide launching a new market-best purchase tomorrow.The building society is preparing a five-year fixed rate of 3.83 per cent, the lowest mortgage available from any lender.It applies to both new and existing Nationwide customers who are moving house. It costs £1,499. The mortgage has a 4.1 percent interest rate if no fees are paid.

Bank of England worried as real earnings surge

Creative Media NewsTuesday, 16 April 2024, 20:000

Although the wage figures appear to be positive for households, the Bank of England may continue to anticipate stubbornly high core wage growth.According to the most recent official data, real earnings growth, including inflation, has reached its greatest level in nearly two and a half years due to a slower deceleration in wage increases than initially anticipated.

Bank of England sees upturn signs in economy

Creative Media NewsTuesday, 20 February 2024, 16:000

The Governor of the Bank of England stated that, despite the country entering a recession in late 2018, there are "clear indications of a recovery" in the UK economy.Andrew Bailey explained to the committee of Members of Parliament that he believed the recession would be one of the shallowest of any in modern history, while justifying the Bank's efforts to reduce inflationary pressures by curbing economic demand.

Interest rate drop near for Bank of England

Creative Media NewsFriday, 2 February 2024, 16:301

Interest rate drop near for Bank of England

Bank of England maintains 5.25% rate for third time

Creative Media NewsFriday, 15 December 2023, 16:000

Bank of England maintains 5.25% rate for third time

Mortgage approvals hit January low, Bank of England reports.

Creative Media NewsMonday, 30 October 2023, 18:000

As the Bank of England planned its next borrowing costs position, rising interest rates had further effects. Lowest Mortgage Approvals The Bank of England reports that lenders approved the fewest number of mortgages since January last month. In September, 43,328 home loans for single-family residences were approved, marking the third consecutive monthly decline. Remortgaging net...

Bank of England Leaves Interest Rates Unchanged After 14 Consecutive Hikes

Creative Media NewsFriday, 22 September 2023, 4:000

In a surprising turn of events, the Bank of England has decided to keep UK interest rates at their current level, citing a faster-than-expected deceleration in price increases. The interest rates have been maintained at 5.25%, which already marks their highest point in the last 15 years. This decision comes on the heels of a...

Ex-US banker to assess Bank of England projections

Creative Media NewsSaturday, 29 July 2023, 8:000

Former US Federal Reserve Chairman Ben Bernanke will oversee an assessment of the Bank of England’s forecasts. The appointment comes at a time when the Bank is being criticized for its efforts to curb rising prices and its inability to predict their rise. Once, the Bank anticipated that inflation would climax at 6%. It reached...

Bank of England suffered 7.3% wage growth from March to May.

Creative Media NewsWednesday, 12 July 2023, 22:000

The financial markets are largely anticipating that the Federal Reserve will increase interest rates by a further 0.5 percentage point next month to combat inflationary pressures, including wage growth. The rate of wage growth, already deemed “unsustainable” by the governor of the Bank of England, has accelerated further, official figures reveal. In the three months...

11th rate hike in 18 months by Bank of England

Creative Media NewsThursday, 23 March 2023, 18:000

Inflation jumped unexpectedly to 10.4% in February, according to data published yesterday. The Bank of England is anticipated to raise interest rates for the eleventh time in less than 18 months following Wednesday’s unexpected increase in inflation. At noon, it will reveal its latest decision as it balances the UK’s weak economy and a global...

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