Consumer spending boom triggers interest rate alert
Britain's shops returned to the boom conditions of the late 80s last month as low interest rates, warm weather and the feelgood factor generated by soaring property price...
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Nervy industry cautions against early rates rise
The Confederation of British Industry sounded the alarm over the faltering world economic recovery yesterday as it warned the Bank of England against a hasty rise in inte...
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High street spending may push up interest rates
The Bank of England today came under renewed pressure to rein in rampant consumer spending as retail sales surged in April in the biggest gain in 27 months.
In figures r...
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Bank kept rates unchanged 'amid economic gloom
The Bank of England voted unanimously to keep interest rates at a 38-year-low earlier this month amid concern over the weakness of the global economic recovery and fragil...
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Europeans aim for joint rate rises
Europe's central banks are set to raise interest rates simultaneously on 6 June, say leading economists. The Bank of England, the European Central Bank and the Swedish Ri...
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MPS member fires parting shot on growth and interest rates
Sushil Wadhwani, the Bank of England's leading dove, fired a parting shot to former colleagues on the monetary policy committee last night when he blamed their over-pessi...
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Bank signals rate rise
The City was last night bracing itself for an early rise in the cost of borrowing after the Bank of England warned it was "standing ready" to combat the threat of higher ...
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Who's afraid of high exchange rates?
Can we now stop worrying about the exchange rate? For more than five years, economic commentators have been telling us two things. First, the exchange rate is dangerously...
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Why rates could not rise
Given all the recent signals coming from the Bank of England it would have come as a major shock indeed if its monetary policy committee had raised rates today.
True, co...
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Fearful Fed leaves rates unchanged
America's central bank, the Federal Reserve, responded to fears that the US economic recovery could stall in the coming months when it left interest rates unchanged at th...
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