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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Unchanged rates lift economic mood
Financial markets are capricious beasts. A couple of months ago, the feeling in the City was that interest rates - which had risen from 5% to 6% during the autumn - were ...
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Interest rates remain at 6%
The Bank of England has left interest rates unchanged at 6% for the fourth month in succession.
The decision, widely expected by City analysts, comes amid signs that th...
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Economy 'growing at above target rate
Interest rates in the UK may not yet have peaked, despite last week's 'no change' decision by the Bank of England's Monetary Policy Committee.
This is the implication o...
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