rates

David Stevenson asks what the market turmoil of the past few weeks has really taught investors.

Housebuilders' shares have taken a dive in early afternoon trading after Bank of England governor Mark Carney said a hike in interest rates is "moving closer".

Henderson's John Pattullo believes that more countries will cut their base rate of interest below zero as currency wars intensify.

The Bank of England's new deputy governor, Minouche Shafik, has hinted to MPs that interest rates could be about to go up, the FT reports.

The Governor of the Bank of England said he fears active exchange rate management could potentially start a currency war among some of the world's leading economies.

The Bank of England has held interest rates at 0.5% for the 43rd consecutive month and kept its bond purchase target at £375bn.

The Bank of England is expected to resist unleashing extra emergency support for the economy today amid mixed signals over the fate of the recovery.