Mark Carney to advise PM for UN climate talks
Outgoing Bank of England governor Mark Carney has been given a key role as an adviser to Boris Johnson for major UN climate talks in the UK this year.
Bank of England
Interest-free periods on credit cards cut, Bank survey finds
Lenders tightened their credit scoring criteria and chopped zero-interest periods on new credit card lending towards the end of 2019, a Bank of England survey has found.
Swift rate cut may be needed amid ‘sluggish’ growth, warns Bank policymaker
Britain risks facing “sluggish” growth for the next year or two and interest rates would need to be cut swiftly if action is needed, a Bank of England policymaker has warned.
Bank could take prompt action if economy fails to pick up, says Carney
Bank of England boss Mark Carney has said policymakers are mulling over the possibility of an interest rate cut, and stressed action would be “prompt” if the economy remains under pressure.
Nearly 50m plastic banknotes replaced since launch, figures reveal
Nearly 50 million plastic £5 and £10 notes have had to be replaced since they were launched by the Bank of England due to wear and damage, according to new figures.
Brexit uncertainty lifted slightly for business leaders – survey
Brexit uncertainty among business leaders was lifted following the general election result last month but concerns remain, according to a new survey by the Bank of England.
Carney spent almost £100,000 on final Governors’ Day party
The Bank of England’s outgoing boss Mark Carney spent nearly £100,000 on a summer bash for staff in his last Governors’ Day party before handing over the reins.
Carney warns firms’ assets could become worthless if climate crisis not realised
The outgoing governor of the Bank of England has warned firms that their assets could become “worthless” if they do not wake up to the climate crisis.
Andrew Bailey appointed Bank of England governor – here’s how the City reacted
The City broadly welcomed the appointment of Andrew Bailey to the governor job at the Bank of England.
Andrew Bailey is the new Bank governor – but what does a governor do?
Andrew Bailey becomes the 121st man – there has yet to be a woman – to take over at the Bank of England since it was founded in 1694.
Andrew Bailey: The Bank of England’s new governor deemed a safe pair of hands
New Bank of England Governor Andrew Bailey may not be a household name, but it is fair to say his name has certainly been in virtually every home in the country.
Andrew Bailey named next governor of the Bank of England
Andrew Bailey, the head of the Financial Conduct Authority (FCA), has been announced as the next governor of the Bank of England.
Bank of England’s new governor expected to be announced
Andrew Bailey, the head of the Financial Conduct Authority, is set to be announced as the next governor of the Bank of England, it has been reported.
European bankers warned of hedge fund audio hack months ago
The Bank of England’s European counterparts warned three months ago that traders were attempting to stream central bank press conferences faster than rivals to gain vital seconds.
Bank keeps rates on hold but cut still on cards as growth weakens
The Bank of England has held interest rates at 0.75% but kept the door firmly open to a cut if Brexit uncertainties and global growth fears do not let up.
Bank forecast to hold rates at 0.75% despite growth grinding to a halt
The Bank of England is expected to keep interest rates unchanged on Thursday in its first meeting since Boris Johnson’s election victory, despite growth flat-lining in Britain’s Brexit-battered economy.
Bank of England calls in City watchdog after press conference audio ‘misuse’
The Bank of England has referred an “unacceptable” use of its audio feed of press conferences to the City watchdog after it emerged that hedge funds could have profited by listening in seconds ahead of rivals.
Bank of England to test banks and insurers for climate change readiness
Britain’s biggest banks and insurers will be tested on a range of climate change scenarios to find any cracks in their preparations for global warming.
Low inflation provides festive cheer for consumers, say economists
Economists have said that continued low inflation will give consumers “further cheer” over Christmas, as it continues to sit significantly below wage growth.
Inflation holds firm as concert tickets offset slowdown in cigarette prices
UK inflation held firm at a three-year low after a slowdown in cigarette price increases was offset by more expensive concert tickets.
Bank of England mulls changes to fund withdrawals
Open-ended funds that allow investors to cash out quickly could face tougher new rules under suggestions brought forward by the Bank of England and the Financial Conduct Authority (FCA) after a series of high-profile missteps in the sector.
Britain’s banks could withstand worst-case Brexit – Bank of England
All of Britain’s top lenders could weather the worst-case scenario in the event of a no-deal Brexit, or a financial crisis worse than the 2008 crash, new figures have shown.
Proportion of low-deposit mortgages handed out at highest level since 2008
The proportion of low-deposit mortgages being handed out is at its highest since 2008, Bank of England figures show.
Carney says rate cuts will be considered if political turmoil continues
Bank of England boss Mark Carney has said interest rates may need to be slashed if global and Brexit headwinds do not ease.
UK economic growth slashed on Boris Johnson’s Brexit deal and global slowdown
The Bank of England has downgraded the UK’s economic growth forecasts on the back of Boris Johnson’s Brexit deal and the global economic slowdown.
Bank set to slash growth outlook as rates remain unchanged
The Bank of England is set to keep interest rates on hold at 0.75% on Thursday, but downgrade Britain’s economic outlook as prolonged Brexit uncertainty takes its toll.
Bank set to slash growth outlook as rates remain unchanged
The Bank of England is set to keep interest rates on hold at 0.75% on Thursday, but downgrade Britain’s economic outlook as prolonged Brexit uncertainty takes its toll.
You think Brexit has been tough? Wait until trade talks, says Michel Barnier
European Union Brexit negotiator Michel Barnier has drawn the battle lines for the upcoming free trade talks with the UK once it has left the bloc and warned Britain not to undercut EU standards.
Insurance firms must improve workplace culture, warns Bank
Bosses of insurance firms have been warned by the Bank of England to improve their workplace culture after recent reports revealing sexual harassment and bullying.
Bank set to slash growth outlook as rates held firm
The Bank of England is set to keep interest rates on hold at 0.75% on Thursday, but downgrade Britain’s economic outlook as prolonged Brexit uncertainty takes its toll on growth.
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.