Rates may need to be slashed if Brexit is delayed again, says Bank policymaker
Interest rates would likely need to be slashed if Brexit is delayed again, a key Bank policymaker has said.
Bank of England
Bank boss insists ‘ample time’ for handover to new governor
Bank of England Governor Mark Carney has said there is “ample time” for an orderly handover to his yet-to-be appointed successor.
More arrests as Extinction Rebellion targets City of London over fossil fuels
Extinction Rebellion activists have brought disruption to the City of London as the number of arrests topped 1,400 over a week of protests.
Extinction Rebellion targets City of London over fossil fuel funding
Extinction Rebellion protesters blocked a junction outside the Bank of England as the environmental protests entered their second week.
Design of new £20 note featuring JMW Turner unveiled by Bank of England
The design of the new £20 banknote featuring JMW Turner has been unveiled – and will celebrate the artist and his legacy “in all their radiant, colourful, evocative glory”, according to Bank of England Governor Mark Carney.
Facebook’s Libra faces tough scrutiny before 2020 launch, warns Bank of England
The Bank of England has warned Facebook that its new digital coin, Libra, will face tough regulatory scrutiny ahead of its launch.
Interest rates could fall regardless of Brexit outcome, says Bank economist
A member of the Bank of England’s Monetary Policy Committee has suggested the base rate could be cut even if a no-deal Brexit is avoided.
Bank warns of ‘entrenched’ Brexit uncertainty as interest rates held
The Bank of England kept interest rates on hold at 0.75% and warned “entrenched” Brexit uncertainty risks damaging the economy further.
Rates set to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates unchanged at 0.75% on Thursday in their final monetary policy meeting before the UK is due to leave the EU on October 31.
Rates set to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates unchanged at 0.75% on Thursday in their final monetary policy meeting before the UK is due to leave the EU on October 31.
Rates to remain unchanged in final MPC meeting before Brexit deadline
Bank of England policymakers are set to leave interest rates on hold at 0.75% this week in their final monetary policy meeting before the UK is due to leave the EU on October 31.
Worst case Brexit hit to economy now less severe, says Bank boss
Bank of England governor Mark Carney has said the worst case hit to the economy of a no-deal Brexit is now “less severe” thanks to preparations made since the end of last year.
Steepest fall in lending to UK businesses for almost two years
Lending to UK businesses saw the biggest decline in almost two years in July, the Bank of England has reported.
Carney steps up no-deal Brexit warnings
Shoppers and motorists will face higher prices, and a “substantial number” of firms could find they can no longer compete in the event of a no-deal Brexit, Mark Carney has said.
Bank holds rates and slashes growth forecast in face of Brexit worries
The Bank of England has held interest rates firm at 0.75% and warned there was now a one-in-three chance of the economy shrinking at the start of next year as Brexit uncertainty takes its toll.
Bank to hold rates steady amid no-deal Brexit fears
Bank of England policymakers are set to hold interest rates but slash economic growth forecasts on Thursday as fears of a cliff-edge Brexit mount.
MPs call for fresh Brexit reports from Bank of England and Treasury
The Bank of England and Treasury have been asked by an influential committee of MPs to provide fresh analysis on the economic impact of Brexit scenarios including a cliff-edge withdrawal.
Bank’s deputy governor sees inflation on horizon
Continuing caution among businesses over starting to invest again amid the Brexit process could see inflation pressures build, one of the most senior figures in the Bank of England told The Press and Journal yesterday.
Business secretary says that a no-deal Brexit could be ‘hugely damaging’ to north-east
The UK’s business secretary warned yesterday that exiting the EU without a deal would be “hugely damaging” to the north-east.
Inflation surge tightens squeeze on households
Inflation unexpectedly jumped to a near six-year high last month, forcing the Bank of England to explain to the chancellor how it will tackle Britain’s surging inflation.
As base rate rises for first time in 10 years, time to take stock
For the first time in more than 10 years the Bank of England base rate has increased, with implications for millions of savers and borrowers.
Interest rates raised by 0.25% to tackle inflation
Interest rates have been hiked for the first time in more than 10 years and the Bank of England signalled more “gradual” increases are on the way to cool surging inflation.
Police warning over fake £20 notes in Caithness
Police have issued a warning after counterfeit bank notes were circulating in Caithness.
Bank of England deputy governor ‘not ready’ to vote for a rise in interest rates
One of the key-decision makers for UK monetary policy spelled out his views on interest rates during a visit to Aberdeen yesterday.
Inflation figures and interest rates put household spending in spotlight
The squeeze on household finances will be in sharp focus this week as the latest inflation figures are released and rate-setters gather in the wake of the shock general election result.
Election rules could cut Bank of England committee to seven
The Bank of England's rate-setting team could be down to just seven members for the first time in nearly 11 years as election "purdah" rules will delay appointments until at least next month, it has emerged.
Rising food and fuel prices push inflation to 2.3%
Rising fuel and food prices pushed inflation beyond the Bank of England's 2% target in February to hit its highest level since September 2013.
Bank expected to hold rates steady as growth holds up
The Bank of England is expected to keep interest rates on hold on Thursday following better-than-expected economic growth in the months since the EU referendum.
Experts believe new GDP data will show economy holding up well
The Bank of England may hold off cutting interest rates again next month amid indications the UK economy is performing better than expected in the wake of the Brexit vote.
Bank of England told North Sea “demise” is wrong
The Governor of the Bank of England Mark Carney has been advised that “tales of the North Sea’s demise are wrong” – although the oil and gas sector faces tough challenges in the wake of low prices.
Martin Gilbert: more marshmallows in the age of asset management
If there is one issue I regard as crucial to successful investment it is the need for a long-term approach.
Bank of England “super Thursday” delays interest rate rise
Bank of England Governor Mark Carney dampened expectations of an interest rate hike coming before the end of this year as he raised the prospect of inflation falling below zero again.