Nationwide cuts overdraft rate
Britain's biggest building society, Nationwide, today announced that it will be cutting its authorised overdraft interest rate to a market-leading low of 6.75%.
The new ...
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US interest rates cut to 45-year low
The Federal Reserve last night signalled that it would not risk Japanese-style deflation gripping the world's biggest economy when it cut interest rates in the United Sta...
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Ready (to go) Eddie's parting shot on fixed-rate loans
Sir Eddie George, departing governor of the Bank of England, yesterday warned the government against forcing British homeowners into fixed-rate mortgages to smooth the wa...
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Rate cut expected in US
The only doubt in the minds of many economic forecasters is not if the US central bank will cut interest rates this week but by how much.
The Federal Reserve's open mar...
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Rate cut calls grow after industry slashes prices
Industry was piling the pressure on the Bank of England last night for a cut in interest rates after the CBI reported that Britain's recession-hit manufacturers were slas...
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City sniffs a rate cut as sterling strengthens
The City was last night poised for further cuts in interest rates after sterling's return to favour on the foreign exchanges removed a key objection from the Bank of Engl...
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Price falls raise rate cut hopes
Cheaper petrol and a cooling off in the housing market raised hopes yesterday that Britain's inflation rate has passed its peak, paving the way for a cut in interest rate...
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MPC split over interest rates
Three members of the Bank of England's interest rate-setting body kept up pressure for a cut in the cost of borrowing this month, it emerged today.
Minutes from the meet...
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Trade figures and EMU delay give sterling an exchange rate boost
Sterling bounced back on the foreign exchanges yesterday after better trade figures and a belief that Britain's entry into the single currency may be several years off sa...
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Brown's studies: exchange rates
Sterling fell on the foreign exchanges yesterday after the Treasury said the right level for the pound to join the single currency would be slightly lower than it is toda...
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