English>
Your daily Naira exchange rate

Market News

Bank of England set for bumper interest rate hike - EVENING STANDARD

SEPTEMBER 22, 2022

The decision to hike interest rates is a bid to keep inflation under control. It is the best tool that the Bank of England has to steer inflation – currently at 9.9% – back to its 2% target.

But the decisions will also have major impacts on people’s finances, not least those with mortgages who will need to start paying more for their home loans.

The MPC was originally set to announce its decision on September 15, but delayed this for a week due to the Queen’s death.

MARKET NEWS

April 23 UK Budget Deficit Overshoots in Setback for Hunt’s Tax Cut Plans - BLOOMBERG April 20 BOE’s Ramsden Signals He Has Less Concern About UK Inflation - BLOOMBERG April 20 Bank of England's Ramsden more confident UK inflation risks are ebbing - REUTERS April 18 UK Inflation Stronger Than Expected on Higher Fuel Prices - BLOOMBERG April 17 London’s Overlooked Outer Boroughs Help Drive Record Rent Rise - BLOOMBERG April 16 UK Unemployment Jumps to Six-Month High After Economy Cools - BLOOMBERG April 13 Pound hits five-month low as dollar rallies on lower Fed bets - REUTERS April 12 UK Says Car Loan Firms Should Prepare for Financial Fallout From Probe - BLOOMBERG April 12 UK economy posts 0.1% growth in February in further sign of recession rebound - CNBC April 12 Pound falls to lowest since December as dollar stays strong - REUTERS April 11 BOE’s Greene Joins Hawkish Voices Warning Against Early Rate Cut - BLOOMBERG April 11 UK Brexit Border Rules to Add 0.2 Points Inflation, Allianz Says - BLOOMBERG April 11 Bank of England’s Greene says rate cuts should be "a way off" - REUTERS April 05 UK Economy Is Growing Again in All Major Sectors, Survey Shows - BLOOMBERG April 05 BOE Says UK Firms Expect to Raise Prices by Least in 2 1/2 Years - BLOOMBERG April 04 UK on track to exit recession despite slower services growth, PMI data shows - REUTERS April 04 Bank of England sets out conditions for 'digital sandbox' - REUTERS April 03 UK House Prices Decline for the First Time in Three Months - BLOOMBERG April 03 UK Will Allow Heavier Tankers to Avert Repeat of Fuel Shortages - BLOOMBERG April 01 U.K. suspends trade negotiations with Canada, as each accuse the other of not budging... (read more) March 30 Sterling steadies as survey shows businesses trim hiring and pay plans - REUTERS March 26 Population of England jumps by 7.5% in just over 10 years - SKY NEWS March 21 Sterling falls after BoE keeps interest rates on hold - REUTERS March 20 UK inflation dips ahead of Bank of England interest rate call - YAHOO FINANCE March 20 Bank of England poised to keep interest rates at 16-year high of 5.25% - YAHOO FINANCE March 20 UK Inflation Cools More Than Expected to Slowest Pace Since 2021 - BLOOMBERG March 19 UK mortgage arrears rise 50% amid high interest rates - YAHOO FINANCE March 15 UK inflation expectations fall, easing pressure on Bank of England - REUTERS March 15 UK Inflation Expectations Fall to Lowest Since BOE Hikes Began - BLOOMBERG March 14 UK Housing Market Sees More Buyers and Sellers as Prices Steady -

SEE HOW MUCH YOU GET IF YOU SELL

NGN
© 2024 abokiFX | All Rights Reserved
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics