Fed expected to peg rates as jobs are shed
The US economy shed jobs for the first time in 4 years last month, fuelling expectations that the blistering pace of growth is finally easing and that the Federal Reserve...
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Bank holds rates steady for sixth month in a row
The Bank of England left interest rates on hold for the sixth month in a row yesterday, but City analysts said it was too soon to conclude that borrowing costs had peaked...
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CBI and TUC appeal for steady interest rate
Industry leaders and trade unionists today call on the Bank of England to keep rates steady, saying that the economy is slowing down fast enough to keep inflation at the ...
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Base' behaviour on interest rates
In June 1998, I borrowed £5,000 from First National Bank. On the credit agreement, the double glazing salesman wrote the interest rate at 23.8 per cent (1.79 per cen...
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Muted retail sales growth eases rates pressure
Sluggish retail sales figures yesterday reinforced expectations that the economy is cooling and interest rates may have peaked at 6%.
The office for national statistics...
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Slower earnings growth hints at end to rate rises
Fears that falling unemployment will lead to a wage and price spiral faded yesterday when official figures showed a sharp slowing in the growth of average earnings, incre...
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Rates uncertainty takes its pound of flesh
The worst may be over as far as the over-valuation of the pound is concerned; but the problem for industry is that no one knows how far it will fall - or how long it will...
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Europe raises stakes in rates race
The stakes have been raised in the great global interest rate race. The Europeans have cranked up rates by half a per cent, following the recent lead of the Americans. Br...
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Euro bank ratchets up rates
The European Central Bank yesterday moved to stamp out the threat of increased inflation in the euro zone with an aggressive half point rise in borrowing costs, ignoring ...
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Manufacturing breathes sigh of relief over rates
Hopes that borrowing costs may have reached their peak were raised yesterday after the Bank of England left its key interest rates on hold at 6% for the fourth month in a...
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