Interest rates

Interest rates

Bank expected to resist calls for increase in interest rates

PRESSURE to raise interest rates will be maintained this week, but a series of gloomy economic reports will prevent the Bank of England from pushing up borrowing costs at its latest rate-setting meeting.

Inflation reaches two-year high of 4 per cent

THERE was renewed pressure on the Bank of England to raise interest rates today as inflation increased to its highest level in more than two years in January.

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Bank of England tipped to hold interest rate despite growing divide in MPC

THE Bank of England is this week tipped to keep interest rates on hold but further members of the nine-strong monetary policy committee are expected to join arch hawk Andrew Sentance in backing a hike.

Business chiefs urge Bank to keep interest rates on hold

BUSINESS leaders will this week call on central bank policymakers to maintain their ultra-low interest rate stance and be ready to print more money if the economy takes a turn for the worse.

Bank of England to hold rates, despite inflation fears

INTEREST rates are set to remain at 0.5 per cent this week despite a split among monetary policy committee members over when to tackle Britain's stubborn inflation problem.

'Interest rates set to stay at record low to balance government cuts'

A LEADING economic forecaster today said UK interest rates will have to stay at their record low of 0.5 per cent for much longer than currently expected.

Lone voice of dissent as MPC votes to hold 0.5% rate

FEARS over inflation caused a rift between Bank of England interest rate setters for the first time in more than a year, minutes of the monetary policy committee's latest meeting yesterday revealed.

'Resilient' inflation may hit interest rates

A BANK of England policymaker yesterday signalled that UK interest rates may need to rise this year as worries persist over the "resilience" of inflation.

Nationwide fears low rate impact as profits fall by almost a half

NATIONWIDE Building Society yesterday warned that historic low interest rates would hit profits in the year ahead as the spectre of further job losses hangs over the lender.

OECD warning puts pressure on Bank to up rates

BANK of England Governor Mervyn King is facing pressure to raise interest rates sooner than expected after a respected European think-tank yesterday made a surprise call for UK borrowing costs to rise this year.

Interest rates on hold in waiting game

THE Bank of England held interest rates at record lows yesterday as policymakers weighed up the impact of a eurozone bailout and a hung Parliament.

MPC inflation fears make 2010 interest rate rise 'more likely'

THE odds on an interest rate hike before the end of the year shortened yesterday, after the Bank of England published "hawkish" minutes of its April meeting.

Bank of England keeps interest rate at historic low

RATE-SETTERS held fire on fresh aid for the economy today after a year of record low interest rates and emergency stimulus measures.

What to do about interest rates and inflation?

THE prediction from the Bank of England that interest rates and inflation will remain subdued for the coming year will have homebuyers dancing on their kitchen tables this weekend.

ECB keeps interestrate at 1 per cent

THE European Central Bank (ECB) followed the Bank of England yesterday in keeping its benchmark interest rate on hold.

Savers must shop around or get stung on interest

AMID the big chill and the festive frivolities, someone must have forgotten to tell our banks and building societies that it's better to give than to receive.

Cautious Bank of England holds interest rates at 0.5%

THE Bank of England held interest rates at a record low today as policymakers treated recent signs of a tentative recovery with caution.

Bank of England leaves interest rates and quantitative easing scheme unchanged

RATE-setters held back from further help to the economy today after monetary policy was left unchanged.

Bank of England to leave rates on hold

THE Bank of England's Monetary Policy Committee seems highly unlikely to deliver an early Christmas present for the economy this week, according to a leading economist.

Jeff Salway: Lull in repossessions could be calm before the storm if rates rise

TEMPTING as it is to view the latest repossession figures as a sign that the storm has passed, it is more likely that we are in the eye of a storm with plenty of damage yet to be done.

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