interest rate

Seven more banks have agreed to join the Financial Services Authority's (FSA) review of sales of interest rate hedging products to SMEs.

The Financial Services Authority (FSA) has publicly censured Principal Mortgage Services Limited (PMSL), a mortgage broker based in Worcester, for failing to give suitable advice on interest-only mortgages.

The Bank of England's Monetary Policy Committee (MPC) today resisted calls to expand its quantitative easing programme and cut interest rates, even though the UK is officially back in recession.

Each of the nine members of the Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at the historic low of 0.5% this month, minutes from their latest meeting show.

The government's "loose" monetary policy of quantitative easing (QE) and low interest rates is diminshing retirees' income, a report by MPs concludes.

The Bank of England has held interest rates at 0.5% and resisted another round of quantitative easing amid tentative signs of an improvement in the economic outlook.

The Bank of England is expected to resist unleashing extra emergency support for the economy today amid mixed signals over the fate of the recovery.

The government is considering issuing "super gilts" - bonds with a repayment date lasting 100 years or more - which it hopes will allow it to lock in the current record low base rate.

The Bank of England will keep interest rates at record lows for another three years, according to Capital Economics.

The Bank of England's Monetary Policy Committee (MPC) has voted to keep the interest rate at 0.5%, marking three years of the record low figure.