Tag: Bank Of England
Inflation: Bank of England jacks up interest rate to 3%, biggest hike in 33 years
The last time rates increased by more than 0.5% was in 1989. John Major’s government was forced into a 2%…
Recession looms in UK as BoE jacks up interest rates
Reeling from a surge in energy prices caused by Russia's invasion of Ukraine, the BoE's Monetary Policy Committee voted 8-1…
Britain kicks off post-Brexit ‘transformation’ of finance
Britain's Payment Systems Regulator will have powers to reimburse victims of so-called authorised push payment fraud, when fraudsters deceive people…
British inflation to last longer: Bank of England gives bleak forecast
In a bleak assessment, Andrew Bailey said the economy was at a ‘turning point’ following its post-Covid recovery as it…
Britain mulls digital currency Britcoin. It’s not Bitcoin
British finance minister Rishi Sunak told the Bank of England on Monday to look at the case for a new…
Bank of England warns banks to get ready for sub-zero rates
Bank of England asks banks how ready they are for zero or negative interest rates, as it considers how to…
Andrew Bailey to be named Bank of England governor
Andrew Bailey, the former deputy of the Bank of England has been chosen as the institution's new governor, to succeed…
Bank of England’s Deputy Governor apologises for ‘menopausal’ remark
Bank of England Deputy Governor Ben Broadbent apologised on Wednesday for describing Britain’s economy as going through a “menopausal” phrase,…
Bank of England staff to hold first strike in 50 years
Trade union members at the Bank of England, Britain’s central bank, will go ahead with the first strike action by…
Bank of England warns of housing market risk
The British housing market has “deep, deep problems” and is the biggest risk to the country’s financial stability, the governor…
Can Anyone Run The Bank Of England Successfully?
By Robert Peston It has of course been criticised for not providing any decent warning or pre-emptive evasive action, as…