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Housebuilder issues profit warning as interest rate cut delay hits market demand

Sky News Thursday, 13 June 2024
Demand in the housing market tailed off last month as hopes of a Bank of England rate cut faded, according to an industry report released just hours before a major housebuilder issued a profit warning.
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Bank of England Bank of England Central bank of the United Kingdom

UK budget dims prospect of aggressive rate cuts, say economists

 Hopes for consecutive interest rate cuts by the Bank of England over the next two months have been dampened by the UK government's recent budget, economists have..
Sky News
Bailey optimistic Bank of England can cut rates further [Video]

Bailey optimistic Bank of England can cut rates further

Bank of England governor Andrew Bailey has said he is "optimistic" that inflation pressures would ease sufficiently for the central bank to cut rates further. Report by Ajagbef. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn

Credit: ODN    Duration: 00:28Published

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