Bank of England hints at interest rate increase
A senior Bank of England official today sent a clear signal that the Bank will again raise interest rates to head off inflationary pressures.
In a speech to fund manager...
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City bonuses add to pressure for rate rise
Fat bonus cheques for City workers last Christmas have pushed growth in average earnings to the highest levels since the terrorist attacks of September 11, increasing the...
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Customer confusion over credit card rates
More than three quarters of credit card holders do not know what rate of interest they are paying, according to a report from the Office of Fair Trading published today.
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Inflation rate remains stable
Inflation remained under wraps in February as the consumer prices index (CPI) rose by only 1.3% on a year earlier, down from 1.4% in January, official figures showed toda...
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City sceptical of rates freeze
The City was bracing itself last night for a fresh rise in interest rates as early as next month after viewing the Bank of England's decision yesterday to peg borrowing c...
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Bank of England holds interest rates
The Bank of England today stuck to its gradualist approach on monetary policy by leaving interest rates at 4% after twice raising borrowing costs since November.
The dec...
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Strong pound predicted to keep rates on hold
Sterling's strength is eating into Britain's manufacturing recovery, the latest snapshot of the sector revealed yesterday, prompting predictions that the Bank of England ...
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Inflation pressure adds to impetus for rate rise
Business confidence is running at its highest level for six years but strong economic growth appears poised to push inflation above its target level, according to a repor...
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Interest rates 'to be cut in EU but held in UK
The surging euro may force the European Central Bank to cut rates on Thursday, say economists. But the Bank of England, which also holds its monthly interest rate-setti...
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Pick a card - then try to guess the rate
Take two different credit cards with identical interest rates, take them into the same shop and buy exactly the same item with each of them. They would charge the same am...
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