On July 9 Bank of England decided to maintain the the current interest rates at .05 level, but the borrowers are paying mortgage rates that are hovering around 8 percent. Now the British banks are accused of "mortgage rip-off" as the current rates are too high compared with the Bank of England interest rates.

The Bank of England's Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases financed by the issuance of central bank reserves and to increase its size by £50 billion to a total of £125 billion.

The widely expected and predicated news in the UK that the BOE (Bank Of England) would keep interest rates at 0.5%, was confirmed earlier this afternoon, leading some to think about what the next steps are to fighting our way out of the recession. Realistically, there can only be on further rate drop, which would take us to a record low and leave interest rates at 0%, something none of our generation would have seen before.

The irony of the UK government being forced to nationalize at least some of its banks will not be lost on a news-weary public. This is the same government that prided itself on setting up the 'independent' Monetary Policy Committee, overseen by the Bank of England.

The Bank of England’s Monetary Policy Committee today voted to reduce the official Bank Rate paid on commercial bank reserves by 0.5 percentage points to 1.5%. RFERL says Bank of England has not seen interest rates these low since the 17th century.

The Bank of England is likely to face crisis caused by inflation risks.

The Chancellor of the Exchequer launched on Wednesday 30 January, a consultation outlining proposals to strengthen the current framework for financial stability and depositor framework. This is a joint publication by HM Treasury, the Financial Services Authority and the Bank of England.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.5%.

Bank of England Reduces Bank Interest Rate by 0.25 Percentage Points to 5.5%.

The Bank of England has issued this news release in respect of the financial measures taken against Al-Qaida and the Taliban.

The Bank of England’s Monetary Policy Committee voted on July 5th to raise the official Bank Rate paid on commercial bank reserves by 0.25 percentage points to 5.75%.

The Bank of England, as agent for Her Majesty’s Treasury, has today issued a Notice to publicise generally a direction given by Her Majesty’s Treasury on 29 June 2007 that the individuals named below are “designated persons” for the purposes of the Terrorism (United Nations Measures) Order 2006.