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

Too embarrassed to ask: what’s the difference between producer price inflation and consumer price inflation?
Too embarrassed to ask

Too embarrassed to ask: what’s the difference between producer price inflation and consumer price inflation?

Two of the most important indicators for the economy are “producer price inflation” and “consumer price inflation”. But what are they and what do they…
13 Apr 2021
How the Covid-19 vaccine crisis is putting the EU in danger
EU Economy

How the Covid-19 vaccine crisis is putting the EU in danger

The botched coronavirus vaccine campaign will cause long-term harm to the EU's economy, says Matthew Lynn.
4 Apr 2021
What does Joe Biden’s $3trn infrastructure plan mean for your money?
US Economy

What does Joe Biden’s $3trn infrastructure plan mean for your money?

Joe Biden is set to announce a further $3trn of public stimulus in the US. Saloni Sardana looks at what’s on the table, and what effect it could have …
30 Mar 2021
The European Central Bank fumbles its way towards yield curve control
EU Economy

The European Central Bank fumbles its way towards yield curve control

The EU’s economic recovery is faltering, but its bond yields keep rising. That makes things tricky for the European Central Bank, says John Stepek. He…
12 Mar 2021

Most Popular

The bitcoin bubble will burst: here’s how to play it
Bitcoin

The bitcoin bubble will burst: here’s how to play it

The cryptocurrency’s price has soared far beyond its fundamentals, says Matthew Partridge. Here, he looks at how to short bitcoin.
12 Apr 2021
Four investment trusts for income investors to buy now
Investment trusts

Four investment trusts for income investors to buy now

Some high-yielding listed lending funds have come through the crisis with flying colours. David Stevenson picks four of the best.
12 Apr 2021
Central banks are rushing to build digital currencies. What are they, and what do they mean for you?
Bitcoin

Central banks are rushing to build digital currencies. What are they, and what do they mean for you?

As bitcoin continues to soar in value, many of the world’s central banks are looking to emulate it by issuing their own digital currencies. But centra…
8 Apr 2021