Category: 4 October 2022

Home ISSUE 4 October 2022
U.K. CENTRAL BANK GOES LOOSE
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U.K. CENTRAL BANK GOES LOOSE

On 29 September, the Bank of England (BoE) suspended its plans to tighten monetary policy and bought £1 billion in government bonds to stabilize the nation’s debt and pension markets after new prime minister Liz Truss announced her government would initially borrow more than £72 billion to subsidize household energy bills.

HOUSING CRASH COMING?
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HOUSING CRASH COMING?

In August, after sales of existing homes declined for a sixth consecutive month, the National Association of Realtors (NAR) predicted that “we may see two or three additional months of some decline—nothing meaningful," Lawrence Yun, NAR’s chief economist, told Business Insider.

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