base rate- the interest rate set by the Bank of England for lending to other banks prime interest rate- the interest rate on short-term loans that banks charge their commercial customers with high credit ratings usury,vigorish- an exorbitant or unlawful rate of interest ...
Meanwhile, the European Central Bank has also eased monetary policy, lowering rates twice by a quarter of a percentage point at separate policy meetings. In the UK, economists widely expect the Bank of England to follow suit with additional rate cuts in the coming months if inflation...
Interest Rates Pegged on New Recovery SignsTHE Bank of England today pegged interest rates at 0.5% as fresh green shoots of recovery emerged in the economy.Duncan, Hugo
“Inflationary pressures have eased enough that we’ve been able to cut interest rates today,” said Bank Gov. Andrew Bailey, who voted for a cut. “But we need to make sure inflation stays low, and be careful not to cut interest rates too quickly ...
That's the overarching message to take away from theBank of England'slatest monetary policy decision. Unlike the Federal Reserve, the US central bank, whichdecided yesterdayto cut interest rates by half a percentage point - more than many had expected - the...
The pound also pushed lower today, adding to-tape its lowest level versus the greenback in almost two weeks. This fact along with fading economic growth prospects, prompted investors to scale back bets that the Bank of England will boost interest rates when it meets July 10. However, the fol...
The Bank of England’s monetary policy committee members raised interest rates by 0.25 per cent today to 0.5 per cent, and economists expect more hikes to come following strong consumer price inflation data. In continental Europe, the European Central Bank has kept rates on hold. With the US...
Bank of England Governor Andrew Bailey on Thursday said the direction for interest rates was “pretty clear.” “I think the direction of travel is ... to my mind ... pretty clear,” he told CNBC’s Steve Sedgwick. “I hope we’ll be in a position to, you know, to see that restr...
"We know that inflation hits the least well off hardest and we need to make absolutely sure that it falls all the way back to the 2% target. That's why we've raised rates to 5.25% today." However, while the Bank's forecasts do not imply a recession in the coming years, they...
Carney, the governor of the Bank of England, suggested last month that the decision to raise interest rates at the end of the year would be the focus of attention. Ian Plenderleith, a former decision maker of the former Bank of England, said Monday that both the Federal Reserve and the...