Tag: interest

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Inflation is causing real pain. But raising interest rates will make it worse

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Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical approach ...

‘Almost fell out of my chair’: unusual jellyfish sparks interest among researchers – video

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Footage of an unusual-looking jellyfish has sparked interest among researchers. The video was captured by Dorian Borcherds, who owns Scuba Ventures in Kavieng, in the New Ireland province of Papua New Guinea. Marine b...

Bank of England hikes interest rates and says inflation will hit 13%

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The Bank of England has pushed interest rates up 0.5 percentage points in response to a spike in inflation that it said will hit 13% in October, despite predicting a prolonged recession. In the worst outlook for the e...

‘Magnificent’ jellyfish found off coast of Papua New Guinea sparks interest among researchers

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A diver has captured footage of an unusual-looking jellyfish off the coast of Papua New Guinea, sparking interest among researchers. The video was captured by Dorian Borcherds, who owns Scuba Ventures in Kavieng, in t...

‘It made us nervous’: rising interest rates and falling property prices squeeze household budgets

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Australians who purchased their first home as prices soared in recent years are facing another interest rate rise at the same time as the value of their property is likely falling, after the Reserve Bank of Australia ...

RBA interest rates: Reserve Bank lifts official cash rate by 50 basis points to 1.85%

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The Reserve Bank of Australia has lifted its key interest rate for a fourth straight month, hoisting the cash rate by 50 basis points in its fastest tightening action in almost 30 years to quell inflation. The RBA dec...

Australia’s official interest rates expected to rise by half-percentage point, economists say

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Australia’s official interest rates are all but certain to be lifted on Tuesday with the expected half-percentage point increase marking the Reserve Bank’s sharpest tightening phase since 1994. A survey by Bloomberg N...

Interest rates are rising – so why are mortgage rules being scrapped?

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From today, there is one less barrier to obtaining a mortgage. The path to high value property loans has opened to a much wider audience after the Bank of England killed off a regulation demanding borrowers show they ...

Two sides of Trussonomics: tax cuts and higher interest rates

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Liz Truss is short of heavyweight support for her plan to cut taxes immediately if she succeeds Boris Johnson as prime minister. Last week, when questioned on the Radio 4 Today programme, she came up with only one nam...

Rising interest rates will hit already weak UK economy, output shows

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Interest rate increases from the Bank of England will weaken a UK economy that is already expanding at its slowest pace since beginning to emerge from the winter lockdown of 2021, according to the latest snapshot of p...

Brexit: European interest rates rise may push up UK’s divorce bill by £5bn

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Increasing interest rates in Europe could push up the UK’s Brexit divorce bill by £5bn, the government’s Treasury office has said. The new estimate comes as the European Central Bank increased its interest rates for t...

Barring media from hearing on Prince Philip’s will ‘did not harm public interest’, court hears

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The public interest was not harmed by excluding the media from a hearing where a senior judge decided to seal Prince Philip’s will for 90 years, an appeal court has heard. Sir James Eadie QC, representing the attorney...

European Central Bank raises interest rates for first time in 11 years

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The European Central Bank (ECB) has raised interest rates for the first time since 2011 to tackle eurozone inflation that increased to 8.6% last month. In a surprise move, the ECB pushed its base rate up by 0.5 percen...

Soaring inflation pushes interest payments on UK debt to record high in June

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Soaring inflation pushed interest payments on UK debt to a record high in June, putting the government’s budget deficit on course to reach more than £100bn this year, almost double its pre-pandemic level. Highlighting...

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