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05/08/2010
Bank Of England Retains Low Base Rate
Base interest rates in the UK are again being kept on hold at just 0.5% - the same level it has been at for the past 18 months
The Bank of England has voted to keep interest rates at this all-time low amid concerns over the strength of the economic recovery.
The decision by the bank's Monetary Policy Committee (MPC) follows news that inflation remains well above the bank's target rate of 2% on the Consumer Prices Index measure, at 3.2% and that recent economic data has cast doubt over the strength of UK economy.
Also today, Barclays bank has reported pre-tax profits of £3.95bn for the first half of 2010 - up 44% on the same period last year.
The vast majority of the profits came from the bank's investment banking arm, Barclays Capital, which made £3.4bn.
Barclays also said it lent £18bn to UK households and businesses over the six month period.
Earlier this week rival HSBC reported first-half profits of £7bn, while Lloyds made £1.6bn.
(BMcC/GK)
The Bank of England has voted to keep interest rates at this all-time low amid concerns over the strength of the economic recovery.
The decision by the bank's Monetary Policy Committee (MPC) follows news that inflation remains well above the bank's target rate of 2% on the Consumer Prices Index measure, at 3.2% and that recent economic data has cast doubt over the strength of UK economy.
Also today, Barclays bank has reported pre-tax profits of £3.95bn for the first half of 2010 - up 44% on the same period last year.
The vast majority of the profits came from the bank's investment banking arm, Barclays Capital, which made £3.4bn.
Barclays also said it lent £18bn to UK households and businesses over the six month period.
Earlier this week rival HSBC reported first-half profits of £7bn, while Lloyds made £1.6bn.
(BMcC/GK)
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05 May 2011
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion. The previous change in Bank Rate was a reduction of 0.5 percentage points to 0.
07 November 2013
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England's Monetary Policy Committee has voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375bn.
Bank Of England Maintains Bank Rate At 0.5%
The Bank of England's Monetary Policy Committee has voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £375bn.
20 November 2014
RBS Fined Over System Failure
Financial regulators have fined the Royal Bank of Scotland (RBS) £56m over a 2012 software issue that left millions of customers unable to access their money and wrongly charged as a result. The bank had begun an upgrade of system software across its business, which includes NatWest and Ulster Bank.
RBS Fined Over System Failure
Financial regulators have fined the Royal Bank of Scotland (RBS) £56m over a 2012 software issue that left millions of customers unable to access their money and wrongly charged as a result. The bank had begun an upgrade of system software across its business, which includes NatWest and Ulster Bank.
05 February 2009
Mortgage Lenders Vow To Pass Further Interest Rate Cuts
Four of the UK's biggest mortgage lenders have vowed to pass on the interest rate cuts, which were today announced by the Bank of England (BoE). The bank said the rate cuts, and government measures to boost the economy, "would provide a considerable stimulus to activity as the year progressed".
Mortgage Lenders Vow To Pass Further Interest Rate Cuts
Four of the UK's biggest mortgage lenders have vowed to pass on the interest rate cuts, which were today announced by the Bank of England (BoE). The bank said the rate cuts, and government measures to boost the economy, "would provide a considerable stimulus to activity as the year progressed".
30 September 2008
Tesco's 10% Profit Growth Amid Weak Economy
Weaker trading conditions have not refrained Tesco from meeting half-year profit targets - with the supermarket giant today reporting a 10% growth in UK sales. Adverse market conditions have failed to damage the retailer's performance - amid calls for interest rate cuts and radical moves to stabilise the global financial services industry.
Tesco's 10% Profit Growth Amid Weak Economy
Weaker trading conditions have not refrained Tesco from meeting half-year profit targets - with the supermarket giant today reporting a 10% growth in UK sales. Adverse market conditions have failed to damage the retailer's performance - amid calls for interest rate cuts and radical moves to stabilise the global financial services industry.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
