Sir Eddie hints at rate cut
Sir Eddie George, governor of the Bank of England, dropped a broad hint last night that interest rates could be cut in coming months to prevent the turmoil in financial m...
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Forget the d-word but still cut rates
Deflation is the word of the moment. Across the developed world, it is trendy to say that almost every nation is at risk of becoming the new Japan, with reflationary poli...
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Cut rates or risk deflation - Julius
Interest rates should be cut immediately to protect Britain from the threat of deflation, a former member of the Bank of England's monetary policy committee will warn tod...
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High interest rates hurt store cards
Continued high levels of interest are behind the falling popularity of store cards, according to new research.
A survey published this week by Mintel found that few peo...
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Industry dejected as Bank pegs rates
The Bank of England disappointed investors and industry leaders yesterday when it left interest rates unchanged for the 11th month in a row, despite renewed fears about t...
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Standard Life cuts final bonus rates
Standard Life today became the latest life assurance company to announce that it will be slashing final bonus rates for its with-profits policyholders.
The mutual life a...
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Can lenders change their advertised loan rates?
Q I have a ?2,000 variable rate loan from Cahoot. When I applied for the loan a couple of months ago, the advertised rate was 7%-11%, and I was given the 11% rate. Then C...
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IMF opposes rate cuts
The International Monetary Fund last night signalled its opposition to lower interest rates in Britain and warned that the Bank of England would have to push up borrowing...
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Fed holds firm on rates
The US federal reserve admitted last night that the threat of war against Iraq could derail the fragile recovery in the world's largest economy, although it resisted call...
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MPC ready to counter downturn with rate cut
The Bank of England is ready to cut interest rates if the global economy weakens, with even hawks on its rate setting committee convinced that the risks of a slowdown are...
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