Page 34 - Base Rate News Today

On some tenures, HDFC Bank has raised the benchmark marginal cost of funds-based lending rates (MCLR) by as much as 15 basis points.

Skipton Building Society passed on the majority of recent Base Rate rises to savers, with the lowest variable rate now 3.25 percent.

Savers can benefit from interest rates as high as 5.2 percent on easy access accounts.

Homeowners will soon be paying the biggest proportion of their income on mortgages since 2008, a think tank stated.

Annuities may have gone under the radar somewhat for much of the past decade or so, but all that has changed in recent months. A surge in sales has put annuities firmly back in the headlines, with thousands more retirees choosing an annuity for retirement income.

Savings accounts are currently paying some of the highest interest rates seen in decades.

Hungarian central bank (NBH) rate-setters kept the base rate unchanged at 13.0% at a regular policy meeting.

Rising interest rates slammed the brakes on the housing market last month as mortgage approvals slumped and growth in debts slowed to the weakest level in almost a decade.

Mortgage approvals dropped by 9.5 percent in July to 49,400 from 54,600 in June - but some argue the economic slowdown is needed.

- European majors rise as FTSE returns from UK bank holiday. Relatively quiet session for news with market still digesting Jackson Hole comments. The