Retail sales rise makes rate cut unlikely
The prospects of a fall in interest rates took a further knock today as retail sales rose at a more rapid clip than expected in March.
The Office for National Statistics...
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Bank voted 7-1 to hold interest rates
The Bank of England's monetary policy committee voted 7-1 to leave interest rates unchanged at 4.5% this month, Bank minutes showed today.
For the fifth month running, S...
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Jobless claims rise at twice expected rate
The UK jobs market continued to soften in March as the number of people claiming unemployment benefits rose more than expected, official figures showed today.
The Office...
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Euro rates held - and no rise in May, ECB hints
The European Central Bank surprised financial markets yesterday by hinting that an interest rate rise in May was far from being a done deal, as analysts had assumed.
The...
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Bank keeps interest rates at 4.5%
The Bank of England today left interest rates unchanged at 4.5% for the eighth month running amid concerns over rising house and energy prices.
The Bank's monetary polic...
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Greenspan's successor uses first meeting to raise US interest rates
The US Federal Reserve, under its new chief Ben Bernanke, last night raised interest rates by a quarter point to 4.75%, their highest level in nearly five years, as it so...
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Soaring rate of caesarean births linked to legal action fear
Women are unnecessarily having caesareans because of a lack of senior labour ward staff and doctors' fears that they will be sued if anything goes wrong, research in a ne...
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Lambert leaves rate-setting role to take helm at CBI
Richard Lambert was forced to step down with immediate effect from setting interest rates at the Bank of England after he was announced yesterday as the successor to Sir ...
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Bank voted 8-1 to keep rates unchanged
For the fourth month running, the Bank of England's monetary policy committee voted 8-1 to keep interest rates unchanged, minutes showed today.
Stephen Nickell was again...
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Call for reduced corporation tax rate in Northern Ireland
Corporation tax rates must be slashed in Northern Ireland to help firms compete on an equal footing with the booming Irish economy, a coalition of business organisations ...
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