What are interest rates? A quick guide Interest rates are big news when they change - but why? If you're not familiar with what they are and how they ...

The Bank of England is expected to hold interest rates at a meeting later today.Most analysts predict the benchmark rate will stay at its current level of 4.75% when ...

Getty ImagesUK interest rates will fall more slowly than expected over the next two years due to October's Budget, according to an influential think tank's forecasts.Although Budget measures would ...

Record high inflation was caused by the Bank of England keeping interest rates too low for too long, according to its former head.Lord Mervyn King said inflation has now ...

The Bank of England has said it should be able to cut interest rates “gradually over time” as it decided to hold borrowing costs at at 5%. The decision ...

Getty ImagesFalling mortgage rates may, at last, be bringing some relief to embattled homeowners and first-time buyers.In a market described as "frenetic", lenders are locked in intense competition for ...

The Bank of England boss says a move to cut rates marks "an important moment"The Bank of England's governor said a decision to cut interest rates is "an important ...

Countries including the UK and the US are "seeing some persistence” in inflation that might mean interest rates have to stay “higher for even longer”, the International Monetary Fund ...

50 minutes agoBy Kevin Peachey, Cost of living correspondentGetty ImagesCompetition between mortgage lenders has intensified ahead of a key decision on interest rates by the Bank of England.A host of lenders ...

4 days agoBy Michael Race, Business reporter, BBC NewsGetty imagesInterest rates should be held again next month rather than be cut for the first time in more than four years, a ...

Higher interest rates mean people have to pay more for their mortgages, for example, which means they have less money to spend on other things.Fewer people wanting to buy ...

HSBC has joined two other major lenders in reducing mortgage rates following hints of a summer base rate cut by the Bank of England.Barclays cut the cost of its ...