{"id":133014,"date":"2022-12-15T19:23:29","date_gmt":"2022-12-15T12:23:29","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/speed-of-uk-interest-rate-rises-will-dent-an-already-weak-economy\/"},"modified":"2022-12-15T19:43:02","modified_gmt":"2022-12-15T12:43:02","slug":"speed-of-uk-interest-rate-rises-will-dent-an-already-weak-economy","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/speed-of-uk-interest-rate-rises-will-dent-an-already-weak-economy\/","title":{"rendered":"Speed of UK interest rate rises will dent an already weak economy"},"content":{"rendered":"


\nEntire generation of borrowers weaned on ultra-cheap rates is facing a serious reality checkIt is now exactly a year since the Bank of England started raising interest rates from a record low of 0.1%. Threadneedle Street has increased the cost of borrowing at each of its nine meetings since December 2021 and after the latest 0.5 point jump they now stand at 3.5%.By historic standards that seems nothing to get worked up about. In the period between 1997 \u2013 when the Bank was granted its independence \u2013 and the start of the financial crisis a decade later interest rates never dropped below 5%. In the 1970s, 1980s and early 1990s, official borrowing rates were often well into double digits. Continue reading…
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\nSource : theguardian.com
\nRead more…Speed of UK interest rate rises will dent an already weak economy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Entire generation of borrowers weaned on ultra-cheap rates is facing a serious reality checkIt is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-133014","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-yBo","jetpack-related-posts":[{"id":136622,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/another-uk-interest-rate-rise-was-always-nailed-on-but-what-happens-next\/","url_meta":{"origin":133014,"position":0},"title":"Another UK interest rate rise was always nailed on but what happens next?","date":"May 11, 2023","format":false,"excerpt":"\r Bank of England aware that impact of most rates rises has yet to be felt, meaning a pause is now likelyMuch has changed since the Bank of England predicted the economy would shrink for eight successive quarters last November. Threadneedle Street now thinks growth will be stronger, inflation higher\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/further-pain-for-uae-homeowners-with-mortgage-rate-rises-in-store\/","url_meta":{"origin":133014,"position":1},"title":"Further pain for UAE homeowners with mortgage rate rises in store","date":"December 21, 2015","format":false,"excerpt":"\r \r Home financers are set to come under pressure to raise mortgage costs for the first time since the financial crisis as interbank borrowing rates spike.It follows the first rate rise by the US Federal Reserve in almost a decade, and a 17 per cent jump in UAE interbank\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":137172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgages-nearly-800-deals-pulled-amid-interest-rate-fears\/","url_meta":{"origin":133014,"position":2},"title":"UK mortgages: nearly 800 deals pulled amid interest rate fears","date":"May 30, 2023","format":false,"excerpt":"\r Rates rising for new fixed-term home loans, figures from Moneyfacts showNearly 800 residential and buy-to-let mortgage deals have been pulled during the past few days by UK banks and building societies amid concern surrounding future interest rate rises, data has revealed.The figures from the financial data provider Moneyfacts also\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":75267,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/six-factors-influencing-the-uk-property-market-in-2018\/","url_meta":{"origin":133014,"position":3},"title":"Six factors influencing the UK property market in 2018","date":"December 26, 2017","format":false,"excerpt":"\r It could be a better year in Britain\u2019s dysfunctional housing market for first-time buyers and tenants 1. Interest rates will stay lowAnother 0.25% hike is expected in late spring, taking the Bank of England base rate to 0.75%. That will add \u00a322 to the typical \u00a3175,000 tracker mortgage, but\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-interest-rates-stay-at-0-25-but-bank-of-england-hints-rise-is-looming\/","url_meta":{"origin":133014,"position":4},"title":"UK interest rates stay at 0.25% but Bank of England hints rise is looming","date":"September 15, 2017","format":false,"excerpt":"\r Pounds jumps 1% as governor says Bank is \u2018beginning to shift\u2019 on when to raise rates with a rise is possible \u2018in coming months\u2019 to stem inflationThe Bank of England has raised the prospect of an interest rate rise as early as November, in an attempt to relieve the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10748,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/when-interest-rates-do-rise-the-new-normal-could-be-3-not-5\/","url_meta":{"origin":133014,"position":5},"title":"When interest rates do rise the 'new normal' could be 3%, not 5%","date":"January 25, 2014","format":false,"excerpt":"\r It will be incremental when the rate rises do come, but the Bank of England wants a sustained recovery firstThose of us who write about economics for a living know the signs. A work colleague sidles over, ostensibly for a gossip, but really to ask one question. \"Is this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/133014"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=133014"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/133014\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=133014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=133014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=133014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}