Fed cuts rates again
The US Federal Reserve today cut interest rates to their lowest level for almost 40 years in an increasingly frantic effort to cushion America from recession.
In lopping...
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Treasury rates are safe but not sound
It was set up by the Palmerston government in 1861 as a simple savings scheme to encourage wage earners 'to provide for themselves against adversity and ill-health'. Toda...
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Eurozone rates left on hold
The European Central Bank left interest rates on hold yesterday despite mounting evidence that the economy of the 12-nation eurozone is slowing.
However, analysts expec...
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Bank guru hints at loan rate cut
One of the Bank of England's nine-strong group responsible for setting interest rates dropped the broadest of hints yesterday that the cost of borrowing in the UK is like...
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Rate cuts and patriotism fail to stop US share dive
The world's two most powerful central banks, the US Federal Reserve and the European Central Bank, joined forces yesterday to cut interest rates by half a percentage poin...
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UK next to make rate cut
Expectation was hardening in the City last night that the Bank of England would join in the coordinated effort to safeguard the global economy by cutting interest rates a...
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Friends Provident to reduce bonus rates
Life insurer Friends Provident said today it was reducing bonus rates for some of its policyholders as a result of recent falls in the stock market.
The former mutual, ...
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Central banks cut rates
The US Federal Reserve and the European Central Bank today cut half a point off interest rates in an aggressive move intended to avert a collapse in world markets.
On a ...
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US to cut rates by 75 points 'in weeks
Fear of creating panic over US financial prospects may prevent the Federal Reserve from making an immediate cut in interest rates, despite market expectations.
However,...
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Pressure builds for rate cut
The US Federal Reserve was under mounting pressure last night to bolster confidence in the damaged American economy by cutting interest rates before the New York stock ex...
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