9-0 rate rise verdict pushes pound closer to $2
Sterling raced to a fresh 11-year high against the dollar yesterday after the Bank of England brushed off concerns about the impact of the soaring exchange rate on the ec...
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Bank united on rates policy
All nine members of the Bank of England's monetary policy committee voted to raise interest rates to 4% this month, minutes from meeting showed today.
MPC members agreed...
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We like A&L's overdraft rate
Every now and again a person needs to go overdrawn, or does so accidentally. The standard view is that this way lies stinging rates of interest. However, this doesn't hav...
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We don't like Confusing loan rates
The Best Buy tables for unsecured personal loans are cluttered with what look like great rates. But, when the surface is scratched, warnings that the rate is "subject to ...
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Channel tunnel owner slashes rates
Eurotunnel, the struggling Channel tunnel owner, today announced plans to slash access rates for train operators in a bid to boost traffic and reverse heavy losses.
Eur...
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Rate rise: economics or politics?
First, what the Bank of England's Monetary Policy Committee said when raising interest rates from 3.75 to 4 per cent last Thursday: 'The world economic recovery has becom...
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Markets see interest rate rise as the first of several this year
Share prices fell and the pound rose yesterday as the financial markets bet on yesterday's increase in base rates from the Bank of England being the first of several this...
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Bank raises rates to 4%
The Bank of England today raised interest rates by 0.25% to 4%, increasing the cost of borrowing for the second time in three months following signs of a strong pickup in...
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Treasury backs interest rate rise
The Treasury last night gave its strong backing for the Bank of England to raise interest rates tomorrow when Ed Balls, the chief economic adviser to Gordon Brown, said a...
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Rate rise likely on strength of new data
Robust manufacturing data released today reinforced the case for higher interest rates when the Bank of England monetary policy committee meets later this week.
Accordin...
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