Global concerns weighed on decision
National Savings & Investment (NS&I) is to cut the interest rate on its easy-access Direct ISA to 1.25%, a move experts said was a "bitter blow to savers" and further called into question the value of cash products.
Bank of England governor Mark Carney has indicated the recent turmoil in China's economy and financial markets that rocked global stocks, has not derailed his plans for interest rates.
Rathbones' Julian Chillingworth analyses the key considerations for central bankers as they decide on the trajectory of future monetary policy.
BoE chief asks 135 groups for liquidity information
The UK's economic recovery could be undermined if interest rates are kept at record lows for too long, Bank of England policymaker Kristin Forbes has warned.
Fund managers and economists have reacted to the surprise news that only one MPC member voted for a rate rise this month, saying the UK economy is 'not out of the woods yet'.
Analysts have pushed back their interest rate rise expectations after only one member of the Bank of England's Monetary Policy Committee (MPC) voted for an increase this month.
Three things clients may call you about this week...