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interest rate

Your profession

Interest rates hit new low of 1%

The Bank of England has cut interest rates again today, down to a new record low of 1%.

clock 05 February 2009 •

Mortgages

BoE minutes reveal call for 1% cut

The minutes from this month's meeting of the Monetary Policy Committee has revealed eight of the nine members voted in favour of a cut of 50 basis points in Bank base rate (BBR).

clock 21 January 2009 •

Your profession

ECB cuts rates to 2%

The European Central Bank (ECB) has cut interest rates for the Eurozone to 2%.

clock 15 January 2009 •

Investment

Recession boosts life settlement returns - PSL

Investors can mitigate the effects of low base rates by investing in life policy settlements, which are benefiting from low demand and prices, according to Policy Selection Limited (PSL).

clock 13 January 2009 •

Your profession

Interest rates cut to 1.5%

Interest rates have hit a new, record low today as the Bank of England fights to pull Britain out of recession.

clock 08 January 2009 •

Your profession

BoE 'underestimated' financial crisis

The Bank of England did not understand the seriousness of the asset bubble which preceded the banking crisis and ongoing global recession, its deputy Governor has admitted.

clock 22 December 2008 •

Mortgages

MPC mulled larger base rate drop

The Bank of England considered cutting rates by even more than 1% this month, the latest minutes from the Monetary Policy Committee's (MPC's) meeting reveal.

clock 17 December 2008 •

Your profession

Fed in shock rate cut move to 0%

The US Federal Reserve last night cut interest rates to a range of 0% to 0.25% last night as the country battles a tough recession.

clock 17 December 2008 •

Your profession

Senior BoE figure warns against heavy-handed regulation

A heavy-handed response to regulating the financial services sector could lead to unintended consequences, according to Monetary Policy Committee (MPC) member, Andrew Sentence.

clock 10 December 2008 •

Investment

Rate cuts amount to tax on pensioners - Altmann

Deep interest rate cuts act like a tax increase on the incomes of retired people, according to independent pensions adviser Dr Ros Altmann.

clock 05 December 2008 •
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