Bank of England more likely to cut interest rates after no-deal Brexit, policymaker says March 7, 2019 The Bank of England’s monetary policy committee would be more likely to cut interest rates in the event of a no-deal Brexit, according to rate-setter Silvana Tenreyro. Tenreyro’s comments adds further clues as to the direction of travel for interest rates if Britain leaves the EU without a deal. Read more: Brexit uncertainty costs UK [...]
UK growth ‘guaranteed’ to fall in no-deal Brexit, Mark Carney warns MPs February 26, 2019 UK growth is “guaranteed” to fall in the event of a no-deal Brexit, the Bank of England’s governor Mark Carney has told MPs. The Bank slashed its UK growth forecast for 2019 to 1.2 per cent earlier this month – down from the 1.7 per cent forecast in November – even on the assumption of [...]
Bank of England slammed over secret Venezuelan gold summit December 6, 2018 The Bank of England (BoE) has come under fire following reports of a clandestine meeting with senior representatives of Venezuelan dictator Nicolas Maduro. The BoE is due to meet high-ranking Venezuelan officials in London tomorrow to discuss the return of gold worth $550m stored in the bank’s vaults, according to sources. Today it emerged MP [...]
Wages and domestic inflation pressure to rise says Bank of England boss June 7, 2018 Wages for British workers will rise further in the coming months, stoking inflationary pressures, a top Bank of England policymaker said today, in a sign the central bank still has its sights set on an interest rate hike. Sir Dave Ramsden, a member of the rate-setting monetary policy committee (MPC), said that he expects wage [...]
How the Bank of England’s (BoE) monetary policy committee (MPC) are expected to vote | City A.M. July 30, 2018 The Bank of England is widely expected to raise the policy rate to 0.75 per cent on Thursday. This would be the second rate hike in a decade and take the policy rate to its highest level since 2009. Recent data have improved, but with some pockets of weakness still evident and ongoing lack of [...]
The Bank of England is setting up its own fintech hub March 22, 2018 The Bank of England (BoE) will set up a fintech hub to monitor developments that could help boost the UK's weak productivity levels. "We have set up a new fintech hub that will sit at the heart of the Bank, to consider both how the Bank understands and how it applies fintech, relevant to its [...]
Crypto Summit & Awards November 10, 2021 The curious and confusing world of cryptocurrency currently sits at a complex crossroads. Regulation and taxation loom large in the rear-view mirror, while governments and banks seem hell-bent on setting up road blocks to slow down the race towards mass public adoption of digital assets. Cryptocurrencies feature high on news agendas – and seldom for [...]
Runners and riders: Who will replace Mark Carney as Bank of England governor? May 8, 2018 The Bank of England will this week reveal its latest monetary policy decision, with investors having performed an abrupt u-turn on their bets it will raise rates. Investor bets indicate a probability of only seven per cent for a May hike, compared to an implied probability of more than 71 per cent at the end [...]
Brexit has cost UK households £900 each – “which is a lot of money,” says Bank of England governor Mark Carney May 22, 2018 Households are £900 worse off since the Brexit vote, Bank of England governor Mark Carney has claimed. Despite global and European economies being “much, much stronger” than they were when the Bank made its economic predictions ahead of the 2016 referendum, and a “very large stimulus provided by the Bank of England”, the UK’s economy [...]
Higher oil prices to boost UK inflation with ECB and Federal Reserve in tightening mood June 10, 2018 Higher oil prices are expected to cause a rebound in UK inflation, adding to expectations that the Bank of England will carry out the rate hike it delayed in May in the coming months. Consumer price index inflation will bounce back in May to a yearly rate of 2.6 per cent in data published on [...]