How low do rates go? For most, not as low as advertised
Be careful when applying for credit card and personal loan deals that advertise interest rates 'from' a low rate. Research by internet bank Egg has found that lenders tha...
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America expects 1% rates
The Federal Reserve was under mounting pressure last night to make an emergency cut in interest rates after a dismal set of US jobless figures sent fresh shudders through...
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Eurozone cuts rates as Britain waits and sees
The European Central Bank sought to revive confidence in Europe's slow-moving economy yesterday when it responded to the jitters caused by the looming threat of war and c...
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European rate cut called timid
The European Central Bank (ECB) today cut interest rates by 0.25% to 2.5 % amid growing signs of economic distress in the eurozone, but the move left economists criticisi...
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Bank leaves interest rate unchanged
The Bank of England today spared the City a second shock in as many months by holding interest rates at 3.75%.
A month after it surprised financial markets with a quarte...
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Europe should set rates the UK way, says Sir Eddie
Sir Eddie George, the governor of the Bank of England, yesterday said Europe's struggling economies would be better off if the European Central Bank adopted Britain's sys...
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Friends Provident latest to cut bonus rates
Friends Provident today became the latest in a long line of UK life insurance companies to cut its bonus rates on with-profits policies, following very poor investment re...
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ECB bows to rate cut lobby
The European Central Bank is bowing to demands that it should be ready to cut borrowing costs for the 12 members of the eurozone to prevent the uncertainty clouding the g...
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Inflation rate remains at 2.7%
Inflation stayed unchanged at 2.7% in January, remaining above the government's target for the third month in a row, official figures showed today.
The office for natio...
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How to ease the pain of rate cut
Last week's 0.25% cut in interest rates to a record 3.75% was cheerful news for borrowers - but it is a woeful reminder to already hard-hit savers that their money will e...
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