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Mortgage lenders start matching Bank rate cut - MSN UK News

Sean O'Grady: Rate cut puts Britain in uncharted waters - Belfast Telegraph
The UK economy embarked on uncharted waters after the Bank of England cut interest rates to their lowest in its 315-year history. The half percentage-point reduction to 1.5 per cent is lower than anything seen during the course of two world wars, the ...

MONEY MARKETS-Interbank rates ease as BoE cuts rates - Reuters
LONDON, Jan 8 (Reuters) - The bank-to-bank cost of borrowing dollar, euro and sterling funds fell across all benchmark maturities on Thursday as risk appetite returned to money markets and the Bank of England cut interest rates. This was also ...

Latest cut in interest rates will not revive flagging economy - Times Online
The Bank of England rather missed the point yesterday. Not because it cut base rates to 1.5 per cent, instead of the 1 per cent many pundits had expected, but because lowering interest rates will do little to revive the flagging economy. Rates have ...

GLOBAL MARKETS-Stocks and metals fall, sterling focus on BoE - Reuters
LONDON, Jan 8 (Reuters) - World stocks and metal prices fell on Thursday after bleak data and poor corporate earnings stoked gloom about the economic outlook, while sterling eased against the dollar before the Bank of England's interest rate decision ...

Jeremy Warner: Bank is fast running out of road on rates - The Independent
Brown goes from boom to bust Ireland's second biggest employer defects to Poland Sean O'Grady: Rate cut puts Britain in uncharted waters Andreas Whittam Smith: Amid the gloom and doom, I've a small piece of advice to offer Steve Richards: Mr Darling ...

Bank cuts rates to 315-year low to boost lending - Financial Times
The Bank of England on Thursday urged the Treasury to hasten plans to ease the flow of credit to companies, as it cut official interest rates to a 315-year low of 1.5 per cent. Warning the “world economy appears to be undergoing an unusually sharp ...

FOREX-US dollar rises in thin trade; sterling sinks - Forbes
NEW YORK (Reuters) - The U.S. dollar started 2009 on a firm tone on Friday as investors sold the European currency as data showed deepening recession in the euro zone. Demand for the single currency also fell as traders deemed the euro's rapid ...

Dollar broadly higher in thin trade; sterling sinks - Forbes
LONDON, Jan 2 (Reuters) - The dollar started 2009 on a firm tone on Friday as a recent euro rally was seen as overdone, but trade was choppy in holiday thinned conditions. The single currency was also hurt after data showed euro zone manufacturing ...

Interest rates drop to 300-year low but plunging confidence is real ... - Scotsman
SO, WHERE do we go from here? Yesterday, the Bank of England cut interest rates by half a point to 1.5 per cent – the lowest level in its 300-year history. But it was coolly received by business and financial markets. "Too timid," said the ...