IMF angry at euro inaction
The International Monetary Fund last night stepped up the pressure on the European Central Bank to cut interest rates after warning that a failure to boost growth prospec...
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Debt taskforce targets credit cards
Clearer notification of credit card rates and a clampdown on certain types of marketing are understood to be among the recommendations of a taskforce set up by consumer a...
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Follow the leader
The Bank of England should shamelessly copy the tactics employed by America's Federal Reserve. The US central bank cut interest rates by 0.5% this week when no one was ex...
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It all hangs on Wim's whim
The European Central Bank is between a rock and a hard place. Should it keep interest rates on hold while all about are cutting theirs in determined pursuit of the holy g...
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Dow jumps ahead of Fed meeting
Hopes that the Federal Reserve will announce deep cuts in US interest rates tonight to revive the American economy helped shares rebound on Wall Street in early trading y...
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Eyes on Ankara for the next round of crises
When money market interest rates toy with the 5,000% level, as they did in Turkey yesterday, it is time to take notice. The crises in south-east Asia in 1997 and Russia i...
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MPC takes out an insurance policy
For some in the City, the Bank of England's decision to cut interest rates yesterday was a high risk, even a reckless, move.
The economy looks pretty strong, the housin...
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Greenspan in tax cut U-turn
Alan Greenspan, the world's most powerful central banker, signalled a fundamental shift in his thinking yesterday by dropping his opposition to US tax cuts. He kept the m...
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Room to move as UK economy weathers storm
The Bank of England's decision to keep interest rates on hold for the 11th month in a row - despite the cut to American borrowing rates last week - demonstrates that Thre...
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Setting up the May poll
It took everybody by surprise. The cut in American interest rates last week may have been to head off a potential sharp US recession, but the implications for Britain and...
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