interest rate

The official UK interest rate could settle at an average of 3% in a few years, the outgoing deputy governor of the Bank of England has predicted.

How can investors protect portfolios against rising interest rates?

The Bank of England looks set to leave interest rates on hold again this week, but a hike before the General Election is seen as increasingly likely.

Investors should avoid income-paying trusts after the sector moved to trade on a premium for the first time since the financial crisis, analysts have warned, amid growing expectations interest rates could rise this year.

The European Central Bank will consider quantitative easing among other measures to avoid a long period of low inflation, its president has confirmed.

The US Federal Reserve chairman Janet Yellen has hinted that interest rates in the US could start to rise in early 2015.

Bank of England governor Mark Carney has said rates could be as high as 3% over the medium term, endorsing comments made by colleague Charles Bean earlier this week.

Banks have paid out a total of £482m in redress to those they have missold interest rate hedging products, figures from the Financial Conduct Authority (FCA) show.

M&G's highly-rated bond fund manager Richard Woolnough has said he would raise rates this year if it were up to him - but said such a move could present a buying opportunity.

A leading Bank of England policymaker has said the base rate is likely to rise in "spring 2015" in unusually revealing comments made this afternoon.