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. 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) -- 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.
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.
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.
BEIJING, Oct. 29 (UPI) -- China's central bank trimmed lending and deposit rates 0.27 percentage points Wednesday in an effort to put vitality into the country's slowing economy.
WASHINGTON, Oct. 28 (UPI) -- Authorities at central banks in Europe and the United States have indicated that lending rate cuts to support the battered global economy may be coming soon.
NEW DELHI, Oct. 20 (UPI) -- India's central bank Monday slashed the interest it charges on loans to commercial banks by 1 percentage point to 8 percent to spur the economy.
FRANKFURT, Germany, Oct. 17 (UPI) -- By cutting lending rates Oct. 8, the European Central Bank signaled its focus on inflation had shifted to restoring calm to financial markets.
BRUSSELS, Oct. 15 (UPI) -- Powerful European business and union groups are calling on governments to turn their attention to economies headed for trouble.
WASHINGTON, Oct. 13 (UPI) -- The U.S. Federal Reserve said Monday it would increase swap lines with three central banks to allow borrowing to improve short-term liquidity.
