The release of the minutes of the Bank of England monetary policy committee meeting minutes from their most recent meeting show that the committee approved this month’s UK interest rate cut by a close 5 to 4 vote.
The majority who voted for the rate cut argued that confidence would be damaged if the […]

Most analysts expect that the Bank of England’s monetary policy committee will cut UK interest rates from 4.75 percent to 4.5 percent when it meets on Thursday. However, the move is not seen as the beginning of a series of declines in rates but more as a “fine-tuning” of the economy, according to one […]

In London on Monday, the FTSE 100 lost 16.6 points to close at 5,214.2 on profit-taking from recent gains, while the FTSE 250 was down 35.8 points, closing at 7,435.0. Three billion shares were traded on the day.
Anglo-Dutch steel maker Corus, whose shares have gained 120 percent in the last two years, lost […]

The Bank of England again decided to hold out with a rates freeze, after mixed signals from the British economy.
Despite poor Christmas retail sales and slowed consumer spending, the Halifax and Nationwide reported small increases in the housing market. Inflation also hit 1.6%, the highest figure for six months. And with manufacturing output still strong, […]