Two MPC members backed interest rates cut
Two Bank of England monetary policy committee members voted for a cut in interest rates earlier this month, Bank minutes revealed today.
City economists expressed surpri...
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Bank extends freeze on rates
The Bank of England yesterday held interest rates steady at 4.75% again but faced growing calls to cut borrowing costs to restore confidence to the consumer and the hard-...
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Interest rates expected to stay at 4.75%
The Bank of England is expected to announce today that interest rates have been kept on hold for the 10th month running.
The base rate has stood at 4.75% since August 20...
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Retailers call for interest rate cut
British retailers said last night they were facing a consumer-led recession as the slump in high street sales continued, and they called on the Bank of England to cut the...
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Spending slump prompts calls to cut interest rates
Fears that consumer spending, the main driver of economic growth, is in unstoppable decline will be fuelled this week with fresh evidence of a high street slowdown.
The...
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ECB holds interest rates for 24th month as Trichet denies talk of euro's demise
The European Central Bank refused again yesterday to cut interest rates to boost the flagging eurozone economy, leaving its key repo rate at 2% for the 24th month in a ro...
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Manufacturing woe raises rate pressure
Pressure was mounting on the Bank of England to make a cut in interest rates last night after the worst performance from manufacturing in two years and evidence of slacke...
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Companies call for rate cut to push UK growth
Britain's hard-pressed companies last night called for action, not words, from the Bank of England to stimulate the economy after a slump in factory output and sluggish c...
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Reform and cut rates, 'flagging' Europe warned
The OECD warned Europe's leaders yesterday that failure to embark on root-and-branch reform of the continent's chronically under-performing economy would put the credibil...
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New interest rates rise 'unlikely
The Bank of England will probably not have to raise interest rates because of weaker growth prospects, the Organisation for Economic Cooperation and Development said toda...
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