- Will Bank’s intervention aid mortgages?
The Bank of England, backed by the Treasury, is considering a scheme to help ease Britain’s credit crunch by injecting much-needed liquidity into the financial markets by means of a ‘collateral swap facility’, which should help lenders offer more affordable mortgages.
(Filed: Wed Apr 23 2008)
- Will rate cut help housing market?
The latest fall in house prices – 2.5% in March, the biggest drop since the property crash of the early 1990s – has contributed to the Bank of England’s quarter-point rate cut on Thursday to 5%. While this is a welcome move for businesses and financial markets, it is not expected to have a dramatic impact on the struggling housing market.
(Filed: Tue Apr 22 2008)
- Crunch, squeeze, pinch – credit conditions painful for all
The credit squeeze for UK households and businesses has become considerably worse in the past three months and is expected to deteriorate further, according to the Bank of England’s quarterly survey of credit conditions released last Thursday.
(Filed: Mon Apr 07 2008)
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