UK interest rates unchanged at 0.5%
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.…
UK inflation rate falls to 2.4% in June 2012
The Consumer Prices Index (CPI) measure of inflation fell to 2.4% in June, down from 2.8% in May, according to the Office for National Statistics.
The Retail Prices Index (RPI) fell to 2.8% from 3.1%.…
The Bank of England launched a third round of quantitative easing (QE)
The Bank of England has announced it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) programme to try and boost the UK economy.
The Bank of England has bought …
What is LIBOR?
LIBOR (the London interbank offered rate) is essentially the rate at which banks lend money to each other.
Unlike the Bank of England Base Rate, LIBOR is not set directly. Instead it is calculated based on the supply and demand …
UK interest rates unchanged at 0.5%
The Bank of England has kept UK interest rates at 0.5% and announced no expansion to its quantitative easing (QE) programme.
Although largely expected and good news for borrowers, this is not good news for savers.
If you are tired …