- Tuesday, August 16, 2011, 10:54
- Interest Rates
Inflation edged up higher than expected last month despite poor growth figures, falling oil prices and aggressive discounting on the high street, according the latest announcement from the Office for National Statistics (ONS).
The Consumer Price Index (CPI) increased to 4.4% from 4.2% in June, while the Retail Price Index (RPI) remained unchanged at ...
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- Wednesday, January 19, 2011, 13:03
- Interest Rates
Banks and buildings societies are withdrawing their cheapest mortgage deals from the market and replacing them with more expensive products ahead of an expected rise in interest rates.
Homeowners looking to fix their mortgages in anticipation of rates being pushed up by runaway inflation are finding that the most competitive deals are disappearing fast.
First Direct, Northern ...
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- Wednesday, November 17, 2010, 15:51
- Featured, Interest Rates
A Daily Mail investigation has revealed that interest and charges levied after taking out an unauthorised overdraft from a high street bank could amount to the equivalent of an annual percentage rate (APR) of 46 million per cent.
Lloyds TSB, which is 41% owned by the taxpayer, was found to be the worst offender ...
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- Friday, November 12, 2010, 18:02
- Featured, Interest Rates
Inflation is taking a disproportionate toll on the elderly.
Age UK Enterprises, the commercial services arm of the charity Age UK, have developed a new inflationary measure for the over 55s, the silver RPI, based upon a re-weighted basket of goods that better reflects the spending habits of those in later life.
The new measure shows that ...
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- Wednesday, April 28, 2010, 10:27
- Featured, Interest Rates, Mortgages
Two thirds (63%) of borrowers on a
tracker mortgage are not taking advantage of the low interest rates to overpay on their mortgage, research by unbiased.co.uk has revealed. This has risen from just over half (53%) of borrowers in May 2009. The research also shows that only one in ten (11%) ...
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- Friday, March 5, 2010, 18:22
- Interest Rates, Personal Finance
The official Bank Rate paid on commercial bank reserves has been maintained at 0.5% by The Bank of England’s Monetary Policy Committee. This means that the Bank Rate has now been at 0.5% for a whole year, having been lowered from 1.0% in March 2009.
The committee have also voted to maintain ...
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