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Bank of England releases plastic banknotesThe Bank of England introduced its first plastic banknotes on Tuesday, with a new five pound entering circulation in England and Wales featuring World War Two leader Winston Churchill. The new notes, which will trickle through to More… |
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Bank of England cuts rates for first time since 2009The Bank of England cut interest rates for the first time since 2009 on Thursday and said it would buy 60 billion pounds ($80 billion) of government debt to ease the blow from Britain's June 23 vote to leave the European Union. More… |
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Bank of England prepares to tackle Brexit hitThe Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem. After the Bank of Ja More… |
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Global central banks pull out stops to calm jittery marketsThe Bank of England pledged a huge financial backstop to calm plunging markets after Britain voted to leave the EU and central banks around the globe intervened in markets, highlighting worries that volatility could quickly hit the world economy More… |
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Bank of England confirms EU exit researchThe Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project. More… |
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UK inflation negative for first time since 1960Britain's annual rate of consumer price inflation fell below zero for the first time in more than half a century, official figures showed on Tuesday, though Bank of England Governor Mark Carney said the dip was likely to be brief. More… |
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BoE may 'increase interest rate earlier'Britain could become the first major economy to tighten monetary policy since the 2008 financial crisis, Bank of England governor Mark Carney has signalled, sending sterling shooting towards a five-year high against the dollar yesterday. More… |
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UK regulator relaxes key asset quality ruleBritain's banking regulator has relaxed a new rule determining the quality of assets banks must hold to cover risks from pension liabilities. The Bank of England's Prudential Regulation Authority (PRA) had proposed that al More… |
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From manufacturing to car sales, Britain bounces backBritish manufacturing grew much more strongly than expected in June, suggesting the country's recovery is broadening just as the Bank of England prepares to set out its plan for steering the economy back to health. More… |
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Banks ‘vulnerable to abrupt rise in global rates’The Bank of England warned banks and borrowers on Wednesday they may be vulnerable if there is an abrupt rise in global interest rates which could require lenders to bolster their capital cushions again. Global bond yields have ju More… |
