Bank of England

Rising interest rates are causing house price falls and slower consumption nationwide new economic data suggest.

Early August's increase in the base rate was sparked by a unanimous decision by the Bank of England's Monetary Policy Committee, minutes show.

THERE IS only one more interest rate rise to go, probably, if the reassuring message from the Bank of England is to be believed, says the Daily Telegraph.

Varying responses to the Bank of England MPC's quarter percentange point rise - to 4.75% - suggest there are still mixed opinions about the prospects of a property crash.

Computershare, the online registrar services provider already used by listed firms and private shareholders, has won the Treasury tender to be the registrar of government debt issued as gilts.

The Bank of England has left the base rate unchanged at 4.5% today following a meeting of the Monetary Policy Committee.

Increasing interest rates do not seem to have deterred people from borrowing more as new findings from the Bank of England suggest total debt in the UK almost hit the £1 trillion mark in May.

Members of the Monetary Policy Committee voted unanimously for the 0.25% hike in interest rates to 4.5% earlier this month, minutes from the Bank of England show.

Interest rates are more than likely to rise next week after the Bank of England published new figures showing Britons retain an undiminished appetite for borrowing.

The Bank of England's Monetary Policy Committee was close to voting for a full 0.5% increase in the base rate earlier this month minutes just published from the last meeting show.