Interest rates must rise, says Fed chief
Federal Reserve chairman Alan Greenspan yesterday moved to prepare the ground for a rise in US interest rates from their half-century low of 1% as soon as this summer.
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Bank was sure on pegging rates
Only one of the nine members of the Bank of England's monetary policy committee (MPC) voted to increase interest rates at the committee's last meeting, on April 8.
The...
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Rate rise likely as employment hits record high
One of the strongest labour market surveys published for several years reported record employment levels and strong growth in pay packets, increasing the pressure on the ...
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Brussels stirs state aid furore by querying BT's rates bill
The European commission yesterday confirmed it is looking into a complaint by one of BT's rivals which alleges that the telecoms firm received illegal state aid, but stre...
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Brown urged to cut marathon tax rates
The chancellor, Gordon Brown, was today urged to cut the government's tax take on charity proceeds from the London marathon - the biggest fundraising day of the year.
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BCC calls for caution on interest rates
The UK economy will continue to gather momentum, but the Bank of England should adopt a cautious policy on interest rates, the British Chambers of Commerce said today.
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Congratulations, your savings rate just dropped
I discovered yesterday that my teenage son, who has had a SaveZone account with the Bank of Scotland (BoS) for over three years, had received a letter informing him that ...
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Bank leaves interest rates on hold
The Bank of England stuck by its "softly softly" approach to the mountain of consumer debt yesterday, keeping interest rates unchanged at 4% despite the renewed surge in ...
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Rates dilemma for Bank over manufacturing slump
An unexpectedly sharp drop in manufacturing output in February presented the Bank of England with an acute dilemma today, days before a decision on interest rates.
With ...
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No rate change at unfazed ECB
The European Central Bank yesterday shrugged off growing fears that the eurozone's fledgling recovery is about to peter out when it left interest rates on hold, at 2%.
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