The US Federal Reserve said it would continue to reduce its bond buying stimulus program by $10 billion a month and will keep interest rates extraordinarily low for as long as required.
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Friday 19 July 2013
Meanwhile, mortgage lending 26% higher than June last year
Sunday 14 July 2013
Bank of England Governor Mark Carney will be faced with the highest inflation for more than a year this week when figures on the cost of living are published.
Monday 01 July 2013
Mark Carney will hit the ground running at the Bank of England today as he takes on "one of the toughest central banking jobs in the world".
Sunday 30 June 2013
Saturday 29 June 2013
A new era at the Bank of England dawns tomorrow as Canadian Mark Carney takes the reins and prepares for his first decision on interest rates and money-printing within days.
Saturday 29 June 2013
Mark Carney begins work at the Bank of England tomorrow. There is a great temptation, as you can see from the stuff that is being written about the appointment, to see this as leading to a significant shift in policy – something that will enable the UK economy to reach “escape velocity”. The fact that the Bank has been given additional responsibilities for regulating the banking system, making the job on paper at least more powerful, increases the temptation.
Friday 28 June 2013
Private-equity boss Jon Moulton today forecast that many weak companies that are “staggering along” because of low borrowing costs are facing collapse as interest rates are starting to rise.
Wednesday 26 June 2013
Increase would affect debt-laden households, banks and finance firms
Tuesday 18 June 2013
A former UBS trader was today charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of the Libor interbank lending rate.
Wednesday 12 June 2013
Conservative party grandee controls firm which charges interest at 75 per cent APR
Sunday 02 June 2013
Sir Mervyn King will bring down the curtain on 16 years of rate-setting this week as he chairs his final meeting of the Bank of England's monetary policy committee (MPC).
Friday 31 May 2013
The battle for credit card, best buy coverage in the zero per cent balance transfer market shows little sign of petering out any time soon.
Friday 31 May 2013
Outlook The City's mouth is watering. A takeover bid for Severn Trent from a consortium of pension funds and a sovereign wealth pot is stimulating juices in the Square Mile. Large fees for investment banks and, naturally, profits for speculators are in prospect if the £5bn-odd approach to buy the water company, which unveiled its full-year results yesterday, is successful. The other two other listed water utilities could also soon be in play too, slather the bulls.
Friday 24 May 2013
Britain will have to wait for the boom times to return despite “some signs of a pick-up” in the economy, Bank of England rate-setter Paul Fisher declared today.
Tuesday 14 May 2013
Britons struggling to pay their household bills do not have spare cash to squirrel away in Isas – the level of savings in the tax-free accounts has fallen for the first time in the tax year to 2012.
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