September 16 2008 was the day central banks stopped being boring. The day Lehman Brothers went down was the cut-off point between conventional monetary policy – moving official interest rates in baby steps to keep inflation low – and unconventional monetary policy.
The UK's annual inflation rate fell more sharply than expected in July, dimming the prospects of an interest rate rise in 2014.
The message from the Bank of England was clear.
The Bank of England signalled it is edging closer to a rise in interest rates but admitted it is in the dark about the true state of the British economy.
The latest mortgage lending data has added to the Bank of England's dilemma over interest rates after a sharp rise in borrowing showed the property market had regained its previous momentum.
For many in the City, the international banks HSBC and Standard Chartered will forever be linked.
Economists are expecting the first official pressure for a rise in UK interest rates to emerge this week, when the Bank of England's monetary policy committee (MPC) meets.
For traders at Lloyds Banking Group, 'every little helps' when rigging benchmark interest rates, according to transcripts of conversations released by regulators as part of the bank’s settlement.
Rising house prices, the prospect of higher interest rates, and difficulty in raising a deposit are rapidly putting people off buying a house according to Halifax.