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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CBI furious at council leaders' call for locally controlled business rates and income tax
Council leaders in England called yesterday for a sweeping reform of town hall finances by transferring a proportion of income tax to directly fund local services. This w...
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We don't like the Big Four rates
It's common knowledge that the big four banks have some of the most uncompetitive rates on loans around. To borrow £5,000 from HSBC you'd be charged 13.9%.
NatWest...
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Rate rises on hold as shoppers stay away
Expectations that interest rates would rise next month, after yesterday's reprieve from the Bank of England, were confounded last night with news of a tough time for reta...
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UK growth puts rate rise on the agenda
Britain's economy grew more quickly than expected in the third quarter of the year, supporting City expectations that interest rates are likely to rise early in the new y...
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