Features

Money Minute Thursday 7 November: UK interest rates and house prices

Today's Money Minute looks ahead to the Bank of England's latest decision on interest rates, plus house prices from the Halifax.

In the UK today, the Bank of England announces its latest decision on interest rates.

We're right ahead of an election, so it's almost certain that nothing will change.The UK's key interest rate will stay at 0.75% and there won't be more quantitative easing.

That said, all eyes will be on Bank of England governor Mark Carney when he speaks after the announcement.And it's possible that there will be a few dissenters on the Monetary Policy Committee who vote for precautionary rate cuts, just in case of an economic slowdown.

We also get the latest Halifax data on UK house prices. This is likely to confirm that prices haven't shifted much in the past year.

Later in the day, we get the latest weekly data on jobless claims from the US.The figures have been hovering near 50-year lows for some time now. Analysts will continue to monitor the data closely for signs that employment is weakening amid fears of a recession.

Recommended

How long can the good times roll?
Economy

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently en…
19 Dec 2019
Bad data is driving fear of a second wave of Covid-19
UK Economy

Bad data is driving fear of a second wave of Covid-19

The recent spike in Covid-19 “cases” is very different to the original outbreak, says James Ferguson of MacroStrategy Partnership. The government need…
18 Sep 2020
Quiz of the week, 12-18 September
Economy

Quiz of the week, 12-18 September

Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.
18 Sep 2020
Central banks want politicians to take charge – but what will they do?
US Economy

Central banks want politicians to take charge – but what will they do?

The US Federal Reserve has come to the end of the road in terms of what it can do to accelerate any recovery, says John Stepek. It's over to the polit…
17 Sep 2020

Most Popular

Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
James Ferguson: How bad data is driving fear of a second wave of Covid-19
UK Economy

James Ferguson: How bad data is driving fear of a second wave of Covid-19

Merryn and John talk to MoneyWeek regular James Ferguson about the rise in infections in coronavirus and what the data is really telling us.
17 Sep 2020