More pain for consumers as credit card interest rates hit 24-year high About a fifth of those living in the most deprived areas said they were using credit more to deal with the rising cost of living. Evening Standard · Aug 9, 2022
UK builder Bellway reports record revenue as house prices climb Construction firm forecasts bumper 2023 as housing boom defies rising interest rates and cost of living crisis The Guardian - UK · Aug 9, 2022
Asian shares mostly decline on global technology downturn Asian shares are mostly declining amid a global fall in technology shares, including Japan’s SoftBank, which just reported hefty losses caused by the market downturn The Independent UK · Aug 9, 2022
Rising rates won't trigger crisis Hawkish shifts in the US Federal Reserve’s monetary policy have often led to heightened financial and economic stress in emerging economies. In the early 1990s, the Fed raised interest rates preemptively to curb inflation, precipitating the 1994 Mexican “tequila” crisis. In 2013, the Fed signalled its intention to tighten monetary… Bangkok Post · Aug 9, 2022
3 Stocks to Avoid When the Fed Raises Interest Rates The Federal Reserve’s aggressive policy tightening to tame the sky-high inflation has increased the borrowing costs for most businesses. Many analysts believe further aggressive rate hikes will push the economy into a recession. With the possibility of the Fed considering more extensive rate hikes based on solid economic data, Carvana… StockNews.com · Aug 8, 2022
Mortgages for first-time buyers: a guide to buying property amid rising interest rates Soaring costs and rising interest rates may give would-be homebuyers pause for thought, but industry experts say the key is not to panic. Evening Standard · Aug 8, 2022
Japan Tech Giant Softbank Posts $23 Billion Quarterly Loss Japanese technology company SoftBank Group posted a $23.4 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates. SoftBank Group Corp.’s loss of 3.16 trillion yen was a reversal from its 762 billion yen profit in the same quarter… Asharq Al-Awsat · Aug 8, 2022
Japan tech giant SoftBank posts $23 billion quarterly loss Japanese technology company SoftBank Group posted a $23 billion loss in the April-June quarter as the value of its investments sank amid global worries about inflation and interest rates The Independent UK · Aug 8, 2022
Economists deeply divided over Reserve Bank's likely interest rate trajectory The major banks are deeply divided about the outlook for interest rates, and the difference is worth about $284 a month to a typical recent home buyer. So who will be right? ABC News · Aug 8, 2022
6 ways Canadians can prepare for the upcoming recession Although it certainly feels like it, and many people believe it, we are not in a recession yet. While a recession is defined as two successive quarters of negative GDP growth, it is essentially a period where economic growth falls significantly and unemployment rates rise. The Conversation · Aug 7, 2022
Fading global cooperation will make this crisis worse than the recession of 2008 The global financial crisis brought large economies together but the current crisis comes at a time of deep division The Guardian - UK · Aug 7, 2022
Home owners face £5,000 a year mortgage hikes - with repossessions doubling Rocketing interest rates could double this year’s projections for repossessions to 24,000 by 2024 according to an economic consultancy’s analysis of latest Bank of England figures Daily Mirror · Aug 6, 2022
No mortgage? Here's why you should still pay attention to interest rate rises Those with mortgages are facing another hike to their monthly payments after the RBA's latest decision, but what does a rise in interest rates mean for the rest of us? ABC News · Aug 6, 2022
How to protect your savings and pension from UK inflation We look at some options for safeguarding your nest egg amid rising prices and interest rates The Guardian - UK · Aug 6, 2022
Daily Mirror · Aug 6, 2022 Your rights if you can't afford your bills after Bank of England interest rate hike Consumer rights expert Martyn James explains everything you need to do if you can't afford your bills after the Bank of England raised interest rates from 1.25% to 1.75%
Bangkok Post · Aug 5, 2022 Sena rolls out leasing option As a rise in interest rates will lower home purchasing power, SET-listed developer Sena Development Plc plans to lower the prices of residential units and offer a leasing programme to help homebuyers own a unit more easily.
The New Daily · Aug 5, 2022 The Ferguson Report: RBA admits inflation will drop as soon as we all go broke A complete banker refused to apologise for lowering interest rates to lure first-time buyers. "They'll soon be first-time sellers! At half the price."
The Conversation · Aug 5, 2022 Inflation: why it's happening and why interest rates are going up to combat it Soaring prices have forced central banks in many developed countries to raise their interest rates in recent weeks. These organisations are in charge of attempts to rein in rising costs that are threatening to wreak havoc on household budgets in coming months.
The New Daily · Aug 5, 2022 Despite the headlines, money is still free You might have noticed the occasional headline about interest rates soaring, the Reserve Bank threatening to smash the economy, and the end of civilisation.
The Independent UK · Aug 5, 2022 Interest rates: How will student loans be affected? Bank of England’s dire new forecast sparks recession fears
Evening Standard · Aug 5, 2022 House prices fall for first time in a year as interest rates and living costs bite House prices fell marginally in July, according to the Halifax House Price Index
Daily Mirror · Aug 5, 2022 Santander and Barclays become first banks to hike mortgages after interest rates rise Santander was the first high street bank to confirm its SVR mortgage rates are rising, with its rate increasing by 0.50% to 5.99% from the beginning of September
The Independent UK · Aug 5, 2022 Interest rates – live: Bank of England confirms rise to 1.75% as inflation to hit 13% UK to enter ‘deep and protracted’ recession, Bank warns
The Independent UK · Aug 5, 2022 Bank of England governor urges workers to limit pay rise demands to help others without ‘bargaining power’ Andrew Bailey also rejected criticism bank should have raised interest rates sooner
The Guardian - UK · Aug 5, 2022 UK house prices fall for first time since June 2021, says Halifax Market cools in July as lender warns of impact of higher interest rates and cost of living crisis