Interest rates: where now for Government’s Plan B?
Faisal Islam blogs on the expected rise of interest rates, and asks where now for the Government’s Plan B?
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In his first major move since taking the helm at the Bank of England, new governor Mark Carney announces that interest rates will not be increased until unemployment drops below seven per cent.
Cathy Newman discusses the interest rate decision with Julia Chanteray of The Joy of Business – a consultancy which helps businesses to develop and Simon Rose from campaign group Save our Savers.
The Bank of England resists further emergency action despite fears that the economy will go into reverse by the end of the year.
The Bank of England keeps interest rates on hold, with the Monetary Policy Committee voting to maintain the Bank’s base rate at 0.5 per cent for the 27th month in a row.
The Bank of England has kept interest rates on hold at 0.5 per cent. The decision to maintain record low rates was widely expected after a set of gloomy economic indicators.
As Bank of England policymakers keep interest rates on hold again, a victim of the Northern Rock collapse tells Channel 4 News “I would be very frightened if I had a mortgage now”.
The Bank of England, as expected, keeps interest rates at a record low of 0.5 per cent, despite growing pressure to put them up.
The Bank of England lowers its growth forecast and signals a rise in interest rates to tame inflation – but Faisal Islam says the Monetary Policy Committee cannot agree on the way forward.
The Bank of England votes to keep interest rates at 0.5 per cent for the 23rd month in succession.
Faisal Islam blogs on the expected rise of interest rates, and asks where now for the Government’s Plan B?
Good news for homeowners with mortgages as interest rates have been cut for the first time in more than four years.
The International Monetary Fund has delivered its annual health check for the UK.
There’s been an unexpected increase in the rate of inflation. It’s the first rise in inflation for 10 months and could mean that the Bank of England delays any cuts in interest rates this year.
Today, the Chinese authorities cut interest rates in a bid to boost growth, but financial markets were surprised they didn’t do more.
The Bank of England has raised interest rates 13 times in the last 18 months – but today the financial regulator said big banks have failed to pass on those higher rates to their savers.