UK 'may need to cut rates' - OECD
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The OECD warns the UK economy may slow because of the credit crunch, forcing the Bank of England to cut rates.
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Gordon Brown may miss his golden rule on public borrowing because of a shortfall in corporate tax revenues, a new study says.
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Hopes that interest rates have peaked were fuelled today by news that the Bank of England this month began considering the case for a cut in the cost of borrowing.
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The possibility of a further slide in the dollar and a decline in demand for US assets has become one of the potential risks to financial stability, the Bank of England said in its semi-annual Financial Stability Review.
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The Bank of England is considering making explicit interest rate forecasts, the bank's Deputy Governor for Monetary Policy Rachel Lomax said in a speech on Wednesday, the Financial Times reported.
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The Bank of England warns in  a report that while recent inflation has been low, this may be short-lived.
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All nine members of the Bank of  England's Monetary Policy Committee voted to cut interest rates  by a quarter-point to 5.5 percent in December and even  discussed whether slowing growth meant a bigger reduction might  be needed.
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Higher interest rates in Europe  and growing uncertainty over the cost of borrowing in the  United States could slow down parts of the global mergers and  acquisitions boom, experts say.
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The Bank of England on Thursday trimmed its key interest rate by a quarter-point to 5.25 percent amid concerns of slower economic growth, while keeping a close watch on inflation.
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Economic data released Wednesday supports decision to cut interest rates.
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UK interest rates may be too high because the Bank of England has wrongly forecast inflation levels, a House of Lords Committee says.
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Business leaders are calling for more interest rate cuts after the Bank of England cut the cost of borrowing to 5.25%.
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Business & money: Hungarian-born financier issues stark warning about British economy in face of Fed rate cut
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The chances of another Bank of England interest rate hike receded on Wednesday after official minutes showed that for some policymakers the debate this month was more about whether borrowing costs should be cut.
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European Central Bank boss Jean-Claude Trichet talks down rate cut chances amid financial market problems.
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The International Monetary Fund has warned that rising interest rates in some of the world&#39;s biggest economies may slow global house price growth.
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NEW YORK/LONDON  - Higher interest rates in Europe and growing uncertainty over the cost of borrowing in the United States could slow down parts of the global mergers and acquisitions boom, experts say.