Finance and Credit Professional

The Bank of England's monetary policy committee (MPC) has opted to leave interest rates unchanged for the remainder of this month, it has emerged.Standing at 5.25 per cent, the base rate of interest attached to mortgages, loans and other forms of borrowing is to stay consistent until the MPC's next meeting in early April. The [...]

Interest rates need to go up next week, a leading economic expert has warned.Speaking in Guildford, Sir John Gieve, deputy governor for the Bank of England, claimed that such a move would be needed by the monetary policy committee to help curb "spectacular growth" in borrowing for buyout and private equity deals which could cause [...]

Property in the Greater London region has surpassed the 300,000 pounds barrier for the first time, new figures indicate.According to the latest Halifax House Price Index, the average home in the capital and surrounding towns rose to 313,122 pounds during the second quarter of 2007 - a figure which was mainly contributed to by the [...]