US jobless rate jumps to 4.9%
The US jobless rate rose unexpectedly to 4.9% in August as a slowdown in the world's largest economy hit the labour market.
Unemployment soared to its highest level in f...
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Bank of England leaves rates at 5%
The Bank of England today left rates unchanged at 5% despite deepening gloom in the battered manufacturing sector.
"This decision is disappointing but not surprising," s...
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Switch to sickness benefit masks unemployment rate
Britain's apparently low unemployment rate is being understated due to huge numbers of unemployed people claiming sickness benefit instead of unemployment benefit, a new ...
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Business calls for new rate cut
Industry leaders are calling on the Bank of England to cut rates again this week, amid signs that service sector firms are increasingly worried about the economic downtur...
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No cut in rates this week, say economists
The Bank of England will not cut base rates at this week's meeting of the Monetary Policy Committee, say economists.
The MPC is not in a position to follow the recent e...
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ECB cuts rates following revision of US forecasts
The European Central Bank finally bowed to the impact of the global slowdown on Europe's key economies by cutting interest rates for the second time this year.
Wim Duis...
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ECB cuts interest rate
The European central bank today cut its main interest rate by 0.25% for only the second time this year.
The move followed pressure from industry to ease monetary policy ...
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Savings SurveyHow to cope with lower rates
Savers will suffer further interest rate cuts following the Bank of England's Monetary Policy Committee's decision to cut base rates by 0.25 percentage points to 5 per ce...
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Euro bank faces rising pressure to cut interest rates
The European Central Bank is coming under mounting pressure to cut interest rates at its key Governing Council meeting in Frankfurt this week as it prepares to roll out e...
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Just walk away from bad savings rates
If you have not checked the rate you are earning on savings, do it now. You will probably get a nasty shock.
Many banks and building societies are slashing interest by ...
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