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Top related persons:
BOE - 2 Hargreaves Lansdowne - 2 Andrew Bailey - 1 Bailey - 1 Susannah Streeter - 1 Kim Kinnaird - 1 Sarah Coles - 1 Hargreaves - 1
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2 mentions found


☆ UK borrowing costs drop sharply after lower-than-expected inflation print
  + stars: | 2023-07-19 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Bailey has been facing pressure over the extent of U.K. inflation. Bloomberg | Bloomberg | Getty ImagesLONDON — U.K. government borrowing costs fell sharply Wednesday morning as a cooler-than-expected inflation print rippled through markets. The current bank rate is 5%. The 10-year gilt yield was lower by 18 basis points at 4.152% on Wednesday morning. But data Wednesday showed the rate fell to 7.9% in June on an annual basis, from 8.7% in May.
Persons: Andrew Bailey, Bailey, BOE, Susannah Streeter, Hargreaves Lansdowne Organizations: Bank of England, Bloomberg, Getty, Bank of, Bank of England's, Reuters, U.S . Locations: India, U.K, China, Hargreaves
☆ Britain's house prices are slumping as mortgage rates soar — and there could be worse to come
  + stars: | 2023-07-07 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +4 min
The average U.K. property now costs £285,932 (£364,490), down from a peak of £293,992 in August 2022. The summer is likely to see price cuts become even more widespread, and we may well see house prices fall more significantly. The summer is likely to see price cuts become even more widespread, and we may well see house prices fall more significantly," she added. In its latest global housing index released Wednesday, the real estate company said U.K. house prices fell 3.1% annually in the first quarter. Mortgage rates continue to rise
Persons: Kim Kinnaird, BOE, Sarah Coles, Hargreaves, Hargreaves Lansdowne Sarah Coles, Hargreaves Lansdowne, Coles, Nathan Stirk, Sellers, Liam Bailey, Knight Frank Organizations: Bank of England, Anadolu Agency, Getty, Hargreaves Lansdowne, CNBC, Mortgage Locations: Halifax
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