2020-01-12 17:48:01| Guardian Unlimited Business - more business news
Balance tilts towards cutting 0.75% rate as latest member of Bank of Englands panel speaksMomentum towards an interest cut is growing after a third member of the Bank of Englands rate-setting committee signalled that the British economy could require support from lower borrowing costs within months.Gertjan Vlieghe, an independent member of Threadneedle Streets nine-member monetary policy committee (MPC), said on Sunday he would vote for a cut in rates later this month from 0.75% if key barometers of economic strength fail to reveal a bounce straight after the December general election. Continue reading...
2020-01-12 16:19:34| BBC News | Business | World Edition
The rate is used to guide banks when setting borrowing costs from mortgages to business loans.
2020-01-12 13:02:00| Fool.com Headlines
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2020-01-10 11:07:20| Mondaq.Com
On 19 September 2019 the Constitutional Court found that the requirement for employers to pay interest at a rate of 5% for each day that a journalist's overtime payments remain outstanding conflicts with the Constitution.
2020-01-09 15:05:54| Guardian Unlimited Business - more business news
Worlds central banks running out of options to stimulate economies Mark CarneyMark Carney has dropped a hint that interest rates could be cut soon to boost the British economy, while warning that the Bank of England is running low on ways to combat recessions.In one of his final speeches before he departs Threadneedle Street in March, Carney said the economy had been sluggish in recent months and that inflation was below the Banks 2% target set by the government. Continue reading...