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U.K. October Retail Sales Decline for a Second Month
U.K. retail sales fell less than economists forecast in October as shoppers bought more food items, offsetting lower spending on electrical goods and clothing.
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Rates Set to Go Under the Knife
The Bank of England wants badly to bring interest rates down. But it also wants to avoid a further drubbing of the U.K. pound, which, after years of being king of the currency markets, has fallen sharply against the dollar and the euro in recent 6
Rate cuts loom as economic prospects worsen
Canada's economic prospects have deteriorated in the past month, Bank of Canada Governor Mark Carney said Wednesday, hinting strongly that he would continue to cut interest rates in order to address the slowdown. 9
Money Rates Decline in Europe on Cash Injections
The cost of borrowing in dollars for three months in London fell for a second day on speculation central-bank cash injections and deeper interest-rate reductions will further thaw the freeze in lending. 8
Central Bank Tries to Determine Interest Rates as Far as it
Occasionally I hear the odd guest on CNBC or Bloomberg Radio who lays blame for the crisis in exactly the right place - the Federal Reserve System in the U.S....or central banking more broadly. 7
Bank of England gets out machete
The benchmark interest rate might have to be cut by more than 2 percentage points, the Bank of England said yesterday, after its forecasts pointed to a deepening recession. 7
Bank of England to cut interest rate again
A CUT in interest rates in time for Christmas became a virtual certainty today. 7
BOE Minutes Spark Rise in UK Fixed Income Markets
British fixed income markets are significantly higher during Wednesday's session after the latest set of the Monetary Policy Committee (MPC) meeting minutes hit markets, documenting unanimous support of its last 150bp cut. 
