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UK interest rates held at 4.75%

Getty Images UK interest rates will remain at 4.75% after the Bank of England voted to hold borrowing costs. While the Bank voted to keep rates unchanged, three members of the nine-member rate-setting committee wanted to reduce it to 4.5%. The Bank now thinks the economy will have performed worse than expected between October and […]

UK shipmaker Harland & Wolff rescue agreed; Bank of England expected to leave interest rates on hold today – business live | Business

Spain’s Navantia agrees deal to purchase Harland & Wolff Newsflash: Spanish state-held shipbuilder Navantia has finalised a deal to acquire the shipyards of Britain’s Harland & Wolff, best known for building the Titanic, the British government has announced. Navantia’s rescue deal would end almost three months of uncertainty for staff at Harland & Wolff, which […]

Interest rate changes don’t always sway voters

The theory that the Albanese Government needs to implement interest rate cuts before the next election is more of a gamble than pundits think, writes Stephen Koukoulas. THERE IS A growing and frankly overpopulated bandwagon of soothsayers and “analysts” who reckon that the Federal Labor Government needs the Reserve Bank of Australia (RBA) to cut […]