Bank was split over rates cut
Bank of England policy makers only just voted for a cut in interest rates earlier this month, Bank minutes showed today.
Confounding City analysts who had thought a vote...
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Bank will think hard before reducing rates again
Those expecting this month's cut in interest rates from the Bank of England to be the first of a series can forget it. That might have been the way the Bank has operated ...
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Baccalaureate drop out rate tops 50%
More than half the students who started a pilot baccalaureate course have dropped out before taking the exams, it was revealed today.
While 700 pupils enrolled in the c...
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Property market 'slows despite rate cut
The average asking price of a UK home fell 0.2% over the last month, the property website Rightmove said today.
This follows a decrease of 1% in July, meaning prices hav...
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Fed raises US rates again in war on inflation
The US Federal Reserve raised interest rates another quarter of a point yesterday for the 10th consecutive time since June 2004 in an effort to keep inflation in check in...
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Inflation report puts rate cuts in doubt
The Bank of England today poured cold water on expectations of further cuts in interest rates, with inflation projected to rise above target in two years' time.
In its A...
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Services pick-up unlikely to halt interest rate cut
A significant measure of the economy's dominant services sector showed an unexpected pick-up last month but analysts remain confident that the Bank of England will cut in...
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Bank cuts interest rates to 4.5%
The Bank of England today cut interest rates for the first time in two years amid overwhelming evidence of a weakening economy.
In a widely expected move, the Bank's mon...
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July's poor retail sales add to pressure for rate cut
Retail sales remained close to a 22-year low last month, the CBI said yesterday, providing further reason for the Bank of England to cut interest rates tomorrow.
The CBI...
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Rate cut hopes fail to lift housing
Despite the widely held expectation that the Bank of England's monetary policy committee will cut interest rates tomorrow, firms in the housing sector fared badly yesterd...
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