interest rate

Uncertainty in the eurozone will remain "for the next few years" and continue to act as a drag on the UK economy, Bank of England (BoE) policymaker Spencer Dale has been quoted as saying.

The Bank of England's Monetary Policy Committee has resisted calls for further quantitative easing and has left its programme of stimulus unchanged, while holding rates.

Each of the nine members of the Bank of England's Monetary Policy Committee (MPC) voted to hold interest rates at the historic low of 0.5% this month, minutes from their latest meeting show.

India's central bank has cut interest rates for the first time in three years in an attempt to boost growth.

The Bank of England has held interest rates at 0.5% and resisted another round of quantitative easing amid tentative signs of an improvement in the economic outlook.

BUDGET

The Bank of England's Monetary Policy Committee (MPC) has voted to keep the interest rate at 0.5%, marking three years of the record low figure.

Market participants are expecting interest rates in the UK to remain on hold until late 2014, according to Bank of England policymakers.

A Greek minister has resigned over the austerity measures agreed earlier today which were required for debt-laden country to receive a €130bn bailout and avoid default.

PIMCO's Bill Gross has warned as US interest rates head towards zero, they could be a regressive influence on the economy and may kill rather than create credit.