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Going down. The European Central Bank has cut interest rates to 2.5 per cent; the Bank of England to 2. In the US rates are 1 per cent; in Japan they are 0.3. Beyond that, lies the basement. Yet after zero rates - then what?...
The euro zone is cutting interest rates aggressively to shore up growth The European Central Bank has delivered a record rate cut, lowering the key interest rate for the 15 countries that use the euro to 2.5% from 3.25%. The...
The pound fell sharply and Europe's main stock markets were quietly firmer as investors awaited key interest rate decisions from the European Central Bank and Bank of England. The pound fell sharply and Europe's main stock...
HONG KONG (Reuters) - Asian shares fell on Thursday as more bad news piled up for the global economy, while the dollar and yen steadied as central banks in the UK and Europe were set to cut interest rates to their lowest in years.
The pound traded close to an all-time low against the euro and near the weakest since 2002 versus the dollar as the Bank of England cut its key interest rate to 2pc. The nine-member Monetary Policy Committee, led by Governor...
LONDON (Reuters) - Britain's biggest mortgage provider, HBOS Plc , said it will pass on any Bank of England rate cuts in full on its tracker mortgage products, ahead of the central bank's decision at 1200 GMT on Thursday.
The Bank of England's Monetary Policy Committee has decided on a further cut in the Bank rate. This is set to benefit many tracker and variable rate mortgage holders whose monthly repayments will fall. Here is a snapshot of the...
Central banks in the Asia-Pacific region today kicked off a wave of interest rate cuts around the world, part of a week of coordinated action designed to breathe life into the global economy.Sweden also unveiled an emergency...
House prices have fallen by 16.1 per cent in the past year, meaning the typical home lost almost £31,500 from its value, new figures show. Figures were worse than had been expected by most analysts The average house went from a...
The following is the Bank of England's statement which accompanied its December 4 decision to reduce interest rate by 1 percentage points to 2pc. In the United Kingdom, business surveys have weakened further and suggest that...
