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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We like higher rate alerts
Many credit card customers will now be alerted when cheap deals such as zero per cent end, and they move to the far higher "go-to" rate.
Borrowers whose credit card iss...
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Patient Fed freezes its low rates
America's central bank last night confirmed its strategy of underpinning the gathering economic recovery with rock-bottom borrowing costs when it kept interest rates unch...
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Upbeat CBI fuels rate rise talk
The City was unanimous last night in predicting a rise in interest rates next week after an upbeat survey of manufacturing from the Confederation of British Industry appe...
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Anger as Halifax allows savings rates to slip
Banks can use a loophole in the banking code to avoid warning customers their accounts are effectively obsolete. And the Halifax stands accused of using it - on deals off...
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Buoyant Britain's rates set to rise
A buoyant Christmas on Britain's high streets has helped boost economic growth to a three-year high, sealing the fate of the country's homeowners, who face a rise in borr...
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BCC warns of danger ahead if Bank raises rates
A premature rise in interest rates by the Bank of England could crush the "green shoots" of economic recovery, industry leaders warned yesterday, as a new survey showed t...
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IMF: from rates to ratings
Last week we saw how the Bretton Woods system of 'fixed rate but adjustable' exchange rates collapsed in the early 1970s. But this did not mean that the famous institutio...
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