interest rate

The Bank of England is working on radical plans to inject cash directly into the economy - the nuclear option to be used only when interest rates approach zero, according to The Telegraph .

The Bank of England has made a further dramatic cut in interest rates, down to 2%, the lowest level for more than half a century

The Bank of England is set to follow a wave of interest rate cuts as countries around the world seek to avoid recession.

Further cuts in interest rates may be on the cards after minutes from the Bank of England's November meeting hinted at the need for more action.

Barclays and HSBC are under increasing pressure to pass on yesterday's historic base rate cut to their lenders after every other major lender did so on Friday.

The cost of inter-bank lending has decreased markedly in reaction to the Bank of England's base rate cut, falling by over 1% today.

Abbey and Bradford & Bingley have announced they will pass on the full 1.5% cut in base rates to their variable rate customers.

Industry experts say the Bank of England's historic interest rate cut will be pointless if savings are not passed on to ordinary borrowers.

The European Central Bank (ECB) has cut Eurozone interest rates to 3.25% to stave off the risk of recession.

Alliance & Leicester has cut fixed rates on a number of mortgages for customers with large deposits.