How would a UK interest rate rise affect people?
Interest rates could rise sooner than markets currently expect. For some people this will be welcome news, for others this may cause great concern and many will be wondering what all of the fuss is about.
European Central Bank holds interest rates at 0.25%
The European Central Bank (ECB) has kept its benchmark interest rate at its record low of 0.25%. The Eurozone interest rates have remained unchanged since November 2013.
Bank of England holds interest rates at 0.5%
The Bank of England has once again kept UK interest rates at 0.5%. This rate has now been in place for 5 years.
NS&I cuts ISA rate
National Savings and Investments (NS&I) is to reduce the interest rate on its Direct ISA by 0.25% to 1.50% AER with effect from 27 February 2014.
Bank of England holds interest rates at 0.5%
The Bank of England has yet again kept UK interest rates at 0.5%. This rate has been in force since