The Bank of England has cut interest rates again today, down to a new record low of 1%.
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).
The European Central Bank (ECB) has cut interest rates for the Eurozone to 2%.
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).
Interest rates have hit a new, record low today as the Bank of England fights to pull Britain out of recession.
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.
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.
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.
A heavy-handed response to regulating the financial services sector could lead to unintended consequences, according to Monetary Policy Committee (MPC) member, Andrew Sentence.
Deep interest rate cuts act like a tax increase on the incomes of retired people, according to independent pensions adviser Dr Ros Altmann.