interest rate

Britain must see a business recovery before interest rates can begin to rise, according to Mark Carney, the Governor of the Bank of England.

Are corporate bonds set to make a comeback?

Sterling has climbed against a basket of currencies including the dollar this morning after the Bank of England altered its forward guidance policy and revealed GDP is expected to overshoot expectations.

The Bank of England has today said it will not hike rates "for some time to come" - with the base rate potentially at 2% by 2017 - as governor Mark Carney begins to alter his forward guidance policy.

Three former members of the Bank of England's rate-setting Monetary Policy Committee (MPC) have suggested interest rates could rise sooner than expected.

The Financial Conduct Authority (FCA) has warned a bank manager that it intends to take action against him for failings in relation to an interest rate benchmark.

FIVE THINGS

The Bank of England's Monetary Policy Committee (MPC) should hold off on raising interest rates even though its stated threshold for doing so - a fall in the unemployment rate to 7% - is in sight, according to a report.

The Financial Conduct Authority (FCA) is urging thousands of small firms affected by the interest rate swaps mis-selling scandal to hurry up with their compensation claims or risk missing out on money due to them.

The Bank of England's Monetary Policy Committee has left interest rates unchanged again at 0.5%.