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Bank of England
Assessment of Government Borrowing ‘Nebulous at Best’, Says Public Accounts Committee
There are neither clear measures to assess the value for money of government borrowing, nor clear understanding of foreign investors, according to a report.
March 6, 2024
BY
Lily Zhou
Unchanged Inflation of 4 Percent Ignites Hopes for Interest Rate Cuts
Economists have cautioned against lowering interest rates before May and only doing so gradually thereafter.
February 14, 2024
BY
Evgenia Filimianova
Bank of England Wary of Lowering Interest Rate, Holds It at 5.25 Percent
Economists predicted inflation to hit its 2 percent target as early as April, but said the slowdown won't ...
February 1, 2024
BY
Evgenia Filimianova
Interest Rate Remains Unchanged in Latest Bank of England Vote
Governor Andrew Bailey said it was too early to start 'speculating about cutting interest rates.'
December 14, 2023
BY
Evgenia Filimianova
Bank of England’s Net Zero Focus Raises Concerns Over Inflation-Fighting Capability, Warn Lords
A think tank has warned that the Bank Of England may be under threat from 'ESG mission creep,' ...
November 28, 2023
BY
Joseph Robertson
Net Zero Policies Can Impact UK Inflation Rate, Warns BoE Economist
Policies targeting climate change, such as carbon taxes and emission trading schemes could risk raising costs for families, ...
November 14, 2023
BY
Evgenia Filimianova
Bank of England Publishes Plans to Regulate Stablecoins
Together with the Financial Conduct Authority, the bank plans to 'harness' the benefits of stablecoins for the UK ...
November 7, 2023
BY
Evgenia Filimianova
Mortgage Approvals Slump as ‘Autumn Housing Market Pick-Up Fails to Materialise’
Some 43,300 mortgages were approved for house purchase in September, marking the lowest monthly total since January.
October 30, 2023
BY
PA Media
Real Wages Grow for the 1st Time in Almost 2 Years Amid Easing Inflation
Regular wage growth has began outpacing inflation since June, and nominal wage growths have slowed slightly, suggesting interest ...
October 17, 2023
BY
Lily Zhou
Mark Carney Highlights Financial Challenge of Reducing Carbon Emissions
The former Bank of England governor called for 'certainty' from governments, following his endorsement of the Labour Party ...
October 16, 2023
BY
Joseph Robertson
AI Can Lead to Financial Instability, Low Trust in Banks: BoE Analyst
AI bias can result in decisions to offer exploitative interest rates to ethnic minorities and smaller lines of ...
October 12, 2023
BY
Evgenia Filimianova
Sunak Resists Calls for Pre-Election Tax Cuts Ahead of Tory Conference
The prime minister said he's prioritising on controlling inflation, which he said is effectively a tax that eats ...
October 1, 2023
BY
Lily Zhou
Chancellor: Tax Cuts ‘Virtually Impossible’ at the Moment
The UK's total public debt was £2.6 trillion at the end of August or around 98.8 percent of ...
September 22, 2023
BY
Lily Zhou
Bank of England Holds Interest Rate at 5.25 Percent After Two Years of Hikes
The never-ending cycle of interest-rate increases started in December 2021, when the bank rate moved from 0.1 percent ...
September 21, 2023
BY
Evgenia Filimianova
Bank of England Interest Rate Reaches New 15-Year High
The Bank of England (BoE) raised its base rate by a further 0.25 percent on Aug. 3, to ...
August 3, 2023
BY
Lily Zhou
House Prices Record Biggest Annual Fall in 14 Years
House prices in the UK have fallen by 3.8 percent in the 12 months to July, which is ...
August 1, 2023
BY
Lily Zhou
Falling Petrol and Diesel Prices Drove Inflation Down to 7.9 Percent: ONS
The UK's annual inflation rate in June has slowed down to 7.9 percent, largely driven by falling motor ...
July 19, 2023
BY
Lily Zhou
It’s Price Rather Than Amount or Flow of Money That Matters
Commentary The nightmare for the central bank is not high inflation by itself but when high inflation is ...
July 13, 2023
BY
Law Ka-chung
UK Banks Can Withstand Deep Recession: Bank of England
The UK banking system would be able to withstand a severe economic turbulence, deeper than the 2008 financial ...
July 12, 2023
BY
Evgenia Filimianova
MPs Warned Rising Mortgage Rates Will Cause ‘Financial Stress’
While mortgage holders are still managing to cope, more financial stress is expected in the coming months, a ...
July 12, 2023
BY
Lily Zhou
Bank of England Calls Mothers ‘Birthing Parents’, Urged to Use Even More Gender Neutral Terms
Controversial charity Stonewall urged the Bank of England to use more gender neutral terms after praising it for ...
July 5, 2023
BY
Patricia Devlin
Whitehall Pledges Support for Bank of England Ahead of Interest Rate Review
The government has pledged support for the Bank of England (BoE) in its mission to curb inflation. Speaking ...
June 14, 2023
BY
Evgenia Filimianova
UK House Prices See Biggest Annual Fall Since 2009
The average UK house price saw its biggest annual fall in nearly 14 years in May, Britain’s biggest ...
June 1, 2023
BY
Alexander Zhang
UK Inflation Drops But Prices Remain High
The UK inflation rate has dropped for the first time in eight months, but prices on basic essentials ...
May 24, 2023
BY
Evgenia Filimianova
Mortgage Arrears and Repossessions Jump as Homeowners Struggle Amid Soaring Interest Rates
The number of homeowners in arrears and properties being repossessed jumped in the first quarter of this year, ...
May 19, 2023
BY
Alexander Zhang
Bank of England Raises Interest Rates to Highest Level Since 2008
The Bank of England (BoE) has raised interest rates from 4.25 percent to 4.5 percent marking their highest level ...
May 11, 2023
BY
Lily Zhou
Bank of England Suffers From Groupthink, Peers Told
The Bank of England (BoE) needs to increase its intellectual diversity in order to combat groupthink, a House ...
May 10, 2023
BY
Lily Zhou
TOP NEWS
Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
1hr
By
T.J. Muscaro
Iran Launches First Missiles at Israel Since Ceasefire Agreement
2hr
By
Jacki Thrapp
Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
3hr
By
Jack Phillips
Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
4hr
By
Savannah Hulsey Pointer
US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
6hr
By
Jacki Thrapp
US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
6hr
By
Jacki Thrapp
Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
7hr
By
Mercura Wang
Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
11hr
By
Lawrence Wilson
US Bankruptcy Filings Increase 7 Percent Yearly
12hr
By
Naveen Athrappully
Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
18hr
By
Melanie Sun