Markets give thumbs down to Fed rate cut
World stock markets dived again yesterday, as investors gave the United States Federal Reserve the thumbs down for failing to jump-start the American economy with a sharp...
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US cuts interest rate
The US Federal Reserve reinforced its determination to steer the American economy off the rocks of recession yesterday by cutting interest rates by a half-percentage poin...
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US interest rates cut to 5%
The US central bank cut the cost of borrowing for the third time in as many months yesterday warning that the world's biggest economy faced "economic weakness in the fore...
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Interest rate cut may come this time
The long wait may soon be over. It is a full year since the Bank of England's monetary policy committee deemed it necessary to change interest rates but, as its nine memb...
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Traders hold out for rate cut
Strong performances from oil companies BP and Shell and a late cameo from BT were just enough to push leading shares higher yesterday.
But while the final reading ma...
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Miserly interest rates get the bird
Loyal savers are still being short-changed by major high street banks and building societies, some of which are getting round the code of practice designed to protect cus...
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Rates cut on the cards
New rules to clean up the credit card industry, which could force down the interest rates millions of people pay, were unveiled by the government this week.
Ministers h...
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World interest rates
What has happened?
The Federal Reserve, the world's most powerful bank, decided to reduce its key interest rate from 6% to 5.5% yesterday.
This doesn't sound like mu...
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Watchdog promises action on low rates
A banking watchdog said yesterday it is prepared to take disciplinary action against a number of institutions which are short-changing savers with money in discontinued a...
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National Savings cuts fixed-rate deals
National Savings, the government's high street bank, this week dealt a severe blow to savers seeking the stability of a fixed rate of return. It has cut the interest rate...
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