An expected rate cut by the Bank of England - given fresh impetus by yesterday's quarterly inflation report - could be as high as 0.5% by late Spring, New Star's Simon Ward says.
Barclays shares have dropped to a two-and-a-half year low on speculation it approached the Bank of England (BoE) last night for an emergency loan.
The Bank of England's financial backing for Northern Rock is rapidly approaching £13bn, according to New Star economist Simon Ward.
Barclays emerged last night as the financial institution that borrowed £1.6bn from the Bank of England's credit facility - the second time this month that the high street bank has had to obtain emergency funding from the UK's lender of last resort, The...
The Bank of England misled the public in a bid to justify five base rate jumps in under a year, property investment firm Assetz claims.
Confirmation interest rates are likely to hit 6% before dropping has sparked angry protests across the industry.
The Bank of England today maintained interest rates at 5.75% calming, at least for the time being, fears of yet another increase.
The Bank of England has pushed interest rates up for the fourth time in under a year - by 0.25% to 5.75%.
Recent base rate jumps have yet to filter through to the UK consumer so their impact hasn't hit home, according to a bond manager.
Buy-to-let advisers will benefit from the changing interest rate environment as landlords seek to refinance their portfolios and keep them as cost effective as possible.