Rolling coverage of the latest economic and financial news
UK mortgage rates have dipped this week, as lenders compete to attract customers:
Data provider Moneyfacts reports:
The average 2-year fixed residential mortgage rate today is 5.70%. This is down from 5.74% the previous working day.
The average 5-year fixed residential mortgage rate today is 5.33%. This is down from 5.36% the previous working day.
Prices of pork, a widely consumed food staple in China, surged by 20.4% year-on-year in July. That was the biggest increase since December 2022, according to Wind Information.
Pork prices play a significant role in China’s consumer price index, but can be prone to large swings due to disease or other factors affecting production.
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