Bank ready to order new interest rate cut
The Bank of England signalled yesterday that it was poised to cut interest rates again should the weakening global outlook inflict further damage to the economy.
Eight ...
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More rate cuts likely as inflation is tamed
The depth and duration of the economic slowdown in the United States will be the crucial factor in deciding whether mortage rates for Britain's 11-million homebuyers cont...
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Why the US is setting our interest rate agenda
Just like the Bank of England's announcement last week, yesterday's US rate cut had been widely anticipated by analysts and private investors alike. It is the fifth time ...
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America goes shopping and hits rate cut hopes
US consumers shrugged off recessionary fears and went shopping last month, sending retail sales rebounding sharply after two months of decline.
The news dampened expect...
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Europe cuts rates at last
The European Central Bank took the markets by surprise yesterday and cut interest rates for only the second time in its history to ward off the threat of recession in the...
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Mathematical courses have highest dropout rate
Students cannot hack maths and more boys leave university than girls, according to research released in Ireland yesterday. A new study suggests students are more likely t...
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Pre-poll rate cut on the cards
The Bank of England's monetary policy committee is expected to reduce interest rates this Thursday in the face of mounting evidence of a UK economic slowdown. Delay would...
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Isa savers bear the brunt of rate cuts
Barclays, Cheltenham & Gloucester, Halifax and Nationwide are among the leading players that have cut rates on some of their savings accounts by more than April's 0.2...
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ECB dashes hope of rate cut
A defiant European Central Bank yesterday ended hopes that a weekend of arm twisting by US and Japanese policymakers had softened its determination to keep interest rates...
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Barclays to cut overdraft rate
Barclays is planning to cut the overdraft rate on its current account next month for the first time in five years.
The bank, which has some 8m current account customers...
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