Bank of England

The European Central Bank (ECB) kept its main interest rate on hold at a record low of 1% for the ninth month running today, in line with expectation.

The Bank of England has kept interest rates at 0.5% and frozen its quantitative easing programme.

Todd Stitzer, the chief executive of Cadbury, is to leave the company within weeks with £20m in cash and shares after Irene Rosenfeld, Kraft's chairman and chief executive, swung the axe at the British chocolate company's top three executives.

The House of Lords should scrap the Financial Services Bill in its current format, regulatory consultants Ignacity says.

The Bank of England's monetary policy committee (MPC) voted unanimously to hold interest rates at 0.5%, minutes from the January meeting showed today.

Millions of UK borrowers will be hit by rising mortgage rates costing up to £1,400 extra a year despite the Bank of England's (BoE) base rate freeze.

Today's decision by the Bank of England (BoE) heralds a period of low interest rates stretching into the medium to long-term, say experts.

Interest rates have been held at 0.5% for the eleventh consecutive month today.

Nine out of 10 defined benefit pension schemes are now closed to new entrants as employers continue to move away from the high-cost schemes, a report says.

Senior industry figures have questioned Conservative plans to transfer regulatory powers from the FSA to either the Bank of England (BoE) or a new consumer protection body.