Super Thursday: Bank of England votes 8-1 to hold interest rates

Fears that the Bank of England is poised to start raising interest rates have receded, after news that just one of the nine members of its policy committee voted to increase borrowing costs from their record low of 0.5% this month.

Swiss Find Goldilocks Formula in House Market Case Study

When it comes to the housing market, the Swiss might be achieving what Goldilocks wanted in a porridge: getting it just right. Unable to raise interest rates for fear of pushing up the franc, authorities tackled a residential property boom with regulatory measures aimed at reining in exuberance.

Fed lifts stocks, dollar; euro tests 1999 starting point

(Reuters) - The dollar hit a nine-year high and stocks worldwide headed for their first back-to-back rise of the year on Thursday, bolstered by Federal Reserve confidence in the U.S. economy and hopes of aggressive new stimulus in Europe.

UK GDP: Service sector slowdown drags on recovery hopes

Slower growth in the dominant services sector sapped the recovery’s momentum in the latest quarter, according to official figures today.

House prices in England and Wales stagnate in September: Hometrack

(Reuters) - Asking prices for houses in England and Wales flatlined in September for the first time in 19 months, according to a survey on Friday that showed a small fall in prices in London.

Traders Keep Calm and Carry on Through BOE’s Rate Debate

Confused by the seemingly contradictory signals from the Bank of England on interest rates?

UK bank lending lags G7, more help needed: survey

(Reuters) - British bank lending to the corporate sector lagged lending in other Group of Seven leading economies last year, despite government attempts to boost the availability of credit, a survey showed on Monday.

Rising employment fails again to boost wages

Unemployment fell last month as Britain's economy added jobs at an unprecedented pace, according to official figures. But the recovery failed to lift wages by more than a fraction, leaving workers suffering another real-terms cut in living standards.

How to tame your property bubble

But that's the challenge officials took on Thursday in the face of mounting evidence of a property bubble in London and concerns that reckless lending could leave U.K. borrowers struggling when interest rates inevitably rise.

Households braced for first rise in borrowing costs in more than five years

Households are bracing themselves for the first rise in borrowing costs since the Bank of England cut interest rates to a record low more than five years ago.

Bank of England's Bean says may be case for earlier rate hikes: BBC

(Reuters) - The Bank of England's plan to increase interest rates only gradually may mean it should move earlier than would otherwise be the case, a top policymaker at the central bank said.

Bank of England unlikely to rush into an early interest rate rise

Employment up by more than 250,000 on the quarter. The unemployment rate below 7% and at its lowest rate in five years. Average earnings are picking up and finally outpacing prices.

UK services sector growth eases in March

Growth in Britain's services sector was the slowest in nine months in March, missing forecasts but doing nothing to change expectations that economic recovery was sustained in first quarter overall.

Bank of England launches inquiry into forex manipulation claims

The Bank of England has launched an internal inquiry into allegations that its officials endorsed sharing of information between traders in the foreign exchange market, the central bank's deputy governor told MPs.

UK unemployment rate falls to 7.1%

The Bank of England sent a clear message that it has no immediate plans to raise interest rates, despite a shock fall in the unemployment rate close to the level at which the Bank said it would consider a hike.

Interest rate rise with no wage increase 'will push heavily-indebted to edge'

Heavily indebted homeowners will be hit hard if interest rates start to rise before wages have picked up, according to research by the Bank of England that underlines the dilemma facing policymakers as the economy recovers.

GIC to Norges Bank Raise Risk Appetite in London: Real Estate

Investors from Norway to Singapore are bypassing property funds and putting money into London commercial projects with developers, taking more risk in a bid to increase returns as the U.K. market recovers.

Bank of England holds UK interest rates at record low

The Bank of England has kept interest rates at a record low of 0.5%, despite signs that the UK economy is improving.

NIESR: UK interest rates could rise in 2015

The Bank of England could raise interest rates as soon as 2015, the National Institute of Economic and Social Research (NIESR) has said.

Bank of England warns borrowers and lenders not to overstretch themselves

The Bank of England has warned it is keeping a close eye on developments in the housing market and said borrowers and lenders should be careful not to overstretch themselves.