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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Cut eurozone rates - or risk being roadkill
The European Central Bank reckons it has room to cut interest rates, from even the present low levels if necessary. So what is it waiting for? It should act without delay...
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ECB leaves rates at 2%
The European Central Bank (ECB) today kept interest rates unchanged at 2% despite widespread calls for lower borrowing costs to spur economic activity.
Jean-Claude Trich...
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Officers lied to boost detection rates
Two officers from Greater Manchester police have been found guilty by an internal tribunal of lying to boost crime detection rates.
Because of their actions, those resp...
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Trichet lays ground for eurozone rate cut
Jean-Claude Trichet, president of the European Central Bank, hinted strongly yesterday that eurozone interest rates could be cut if the economy fails to pick up as expect...
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Bank avoiding interest rate shocks
The Bank of England does not want to jolt consumers with surprise increases in interest rates, Bank officials said today.
Members of the Bank's monetary policy committee...
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Bank of England deputy governor hints at rate rise to curb spending
Burgeoning household debt poses a "credible" threat to the economy, which could require further rate rises from the Bank of England, a senior Threadneedle Street policyma...
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