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Our Scans · (FS.6.06) Personal Finance · Weekly Summary


  • [New] The Bank of England has held interest rates at 5.25% meaning mortgage borrowers may have to wait a little longer for the much-anticipated cut to the cost of borrowing. The Money Pages
  • [New] Fortifying household balance sheets creates the potential for increased momentum for the US consumer in 2024, and we have seen how wage growth helped establish a strong foundation entering the year. AFIRE
  • [New] The Bank of Japan expects higher salaries to lead to a virtuous spiral with domestic demand fueling inflation. CNBC
  • [New] The Bank of Japan seems to be inching closer to moving away from its policy of negative interest rates, while the Bank of England will likely hold interest rates steady (amid a drop in wage growth, and in line with the policies of the Fed & ECB). Nasser Saidi & Associates
  • [New] Hotter-than-expected inflation data and strong payroll numbers are likely to apply more upward pressure to mortgage rates in 2024 than we would previously forecast, as markets continue to evolve their expectations of future monetary policy. Fannie Mae
  • [New] Investors remain cautious amid growing speculation that the Bank of Japan (BoJ) could adjust its monetary policy as early as next week due to rising wages, inflation, and a strong economy. InvestMacro
  • [New] More Bank of Japan policymakers are considering ending negative interest rates this month due to expected hefty pay hikes in annual wage negotiations. CityAM
  • [New] The expectation of a Bank of Japan rate hike, spurred by upcoming Japanese wage data, could lead to a lower EUR / JPY, with a short-term target of 160. Exchange Rates UK
  • [New] As a result of mortgage rates gradually reducing, the @OBR _ UK expect house prices to fall around 2% in 2024, a 3% improvement on their Nov prediction. The Guardian
  • [New] Choosing a tracker mortgage provides the potential of lower rates of interest by following the Bank of England base rate, contrasting with the stability of a fixed rate term. YesCanDo Money
  • Respondents in Hong Kong remain optimistic about their salary outlook, with 78% expecting an increase in salary in 2024, compared to 74% last year. Arabian Post
  • While on the export side, trade barriers reduce opportunities for UK firms, leading to fewer good jobs and lower wages. MIDLYFE Project
  • Minimum salary updates: Estonia increased its minimum wage and various minimum salary levels, New Zealand increased some minimum wage amounts, and Singapore will be increasing the minimum salary for Employment Passes in 2025. Fragomen, Del Rey, Bernsen & Loewy LLP
  • The next 36 years will unlikely see home-price drivers such as stunning California growth - economically or population-wise - or mortgage rates going from double-digits to under 3%. Silicon Valley
  • Over 1.5 million households are due to remortgage in 2024, and will be anxiously hoping to see further drops in mortgage rates, given expectations of base rate cuts from the Bank of England. Yahoo Finance
  • There are still plenty of holdouts waiting for lower mortgage rates, but the pickup in inventory suggests that one of the biggest roadblocks for home shoppers in recent years - a lack of homes for sale - is not going to be a big of a challenge in 2024. RealEstateNews.com
  • From reviewing a number of studies they found that delivering open finance and personal data mobility could boost UK GDP by £30.5 billion. FinExtra
  • Beijing could raise household consumption by urging companies to pay higher wages but that China's manufacturing edge is partly based on subdued worker income. Al Jazeera
  • UK workers have been warned to expect less generous salary settlements in 2024, as employers rein in hiring plans. The Guardian
  • The recent revelation that the UK government plans to retire 30 military jets, a move purportedly to save £300 million for reinvestment in future defence tranches, has ignited a firestorm of debate regarding national security and fiscal responsibility. BNN
  • The UK plans to retire 30 military jets to save funds, igniting debates on national security versus fiscal responsibility amidst Russian tensions. BNN
  • With core inflation proving stubborn, wages continuing to rise, and geopolitical uncertainty persisting, the Bank of England interest rate is expected to fall only slowly. Cambridgeshire Chambers of Commerce
  • The federal lawsuit, which had been long expected by many legal experts, contends that combining America's two biggest grocery store chains would eliminate competition that currently keeps prices down and allows workers to bargain for higher wages. The Stand

Last updated: 25 March 2024



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