Interest rates remained the same today, as the Bank of England continued to respond to the uncertainty in property markets and the City. This is the third time in a row the Bank has left rates unchanged. But there is a growing feeling in the City that a slowdown in the economy is already under way, made stronger by the credit crisis triggered by the questions surrounding Northern Rock. It was not a surprise to many that rates remained the same today, although experts in some circles now believe that interest rates may fall before the year is out, or early next year. ?We have pencilled in the first 25bp cut in February, with two further cuts to 5% later next year in May and August. However, this forecast could change as the financial market developments and their impact on the economic outlook becomes clearer,? said Paul Dales from economists Capital Economics.
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The real Bear Grylls: Country Life Quiz of the Day, July 2, 2025Britain's longest pier is among the highlights of Wednesday's Quiz of the Day.
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What do 19th century rowers, Queen Victoria and Giorgio Armani all have in common? They helped to popularise the world's most versatile jacket — the blazerEveryone from royalty to rappers seems to have one in their wardrobe. Harry Pearson lists the merits of the blazer, a true sartorial team player.
