LONDON, Dec. 5 (UPI) -- Banks overcharging borrowers on mortgages should cut back the rates immediately, British Prime Minister Gordon Brown said Friday.
LONDON, Dec. 4 (UPI) -- Central banks in Britain and Sweden cut their key interest rates to 2 percent Thursday to provide liquidity to financial markets.
LONDON, Dec. 3 (UPI) -- European financial markets were braced for large interest rate cuts across the continent in the wake of more bad economic news.
LONDON, Nov. 25 (UPI) -- Bank of England Gov. Mervyn King said Tuesday the central bank may need to cut rates to stimulate the country's sluggish lending.
LONDON, Nov. 12 (UPI) -- The British economy could shrink 2 percent in the second quarter of 2009, the Bank of England said Thursday.
LONDON, Nov. 9 (UPI) -- British bankers had to be strong-armed by Chancellor Alistair Darling into passing along a Bank of England interest rate cut to consumers, sources say.
LONDON, Nov. 7 (UPI) -- British banks began falling in line Friday to pass on a portion of the Bank of England's interest rate cut to their customers.
PARIS, Nov. 7 (UPI) -- French Finance Minister Christine Lagarde said the European Central Bank's lending rate cut this week wasn't good enough.
LONDON, Nov. 6 (UPI) -- A major British bank said it would pass on the full lending rate cut announced by the Bank of England Thursday to its customers.
U.S. markets slip Thursday morning ... Two key banks cut lending rates in Europe ... Bonus binge on diet at financial firms ... Canadian building permits up in September ... News from United Press International.
LONDON, Nov. 6 (UPI) -- Two central banks in Europe cut their lending rates Thursday -- the Bank of England by 1.5 points and the European Central Bank by 0.5 point.
TOKYO, Nov. 5 (UPI) -- Japan's central bank, which cut its key interest rate to 0.3 percent from 0.5 percent, appeared unlikely Wednesday to cut more as indicated by its governor.
ABU DHABI, United Arab Emirates, Nov. 4 (UPI) -- Britain's business secretary, Peter Mandelson, warned the country's banks Tuesday to pass interest rate cuts along to their customers.
SYDNEY, Nov. 3 (UPI) -- The Australian Reserve Bank is expected to cut interest rates Tuesday amid a sharp decline in home prices, officials said.
LONDON, Oct. 31 (UPI) -- Half of Britain's banks failed to lower interest rates on adjustable rate mortgages after the Bank of England cut its rate Oct. 8, a research group said.
