Mortgage war to intensify after interest rates held
Nationwide immediately cut rates after the BoE's decision
Company
Bank of England
PRIVATE:BOE
The Bank of England is the UK's central bank. Our mission is to deliver monetary and financial stability for the British people. The Bank was established in 1694 to act as banker to the Government. We are still owned by the Government, but we set monetary policy independently.
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Nationwide offers 8% as savings account battle hots up
NS&I recently issued one-year fixed savings bonds paying 6.2%
Investments and investor services
FIVE at FIVE: Bank of England rate calls, FTSE 100 lifts, Carmakers stay green, Cathie Wood comes to Europe and LadBible wins
Here’s Proactive’s round-up of the top financial stories of the day, with helpful links taking you directly to the news.
Savings rates hit highest level since 2008
Rates on one-year and longer-term fixed bonds, alongside individual savings accounts, sit above 5% currently
UK manufacturing faces reality check after buoyant first half
Electronics and pharmaceuticals remain bright spots in troubled sector
Macro week ahead: ECB meeting on Thursday, US inflation and UK jobs in focus
The meetings for both the Fed and BoE are coming the week after