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Bank of England

  • Assessment of Government Borrowing ‘Nebulous at Best’, Says Public Accounts Committee
    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, 2024BY Lily Zhou
  • Unchanged Inflation of 4 Percent Ignites Hopes for Interest Rate Cuts
    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, 2024BY Evgenia Filimianova
  • Bank of England Wary of Lowering Interest Rate, Holds It at 5.25 Percent
    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, 2024BY Evgenia Filimianova
  • Interest Rate Remains Unchanged in Latest Bank of England Vote
    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, 2023BY Evgenia Filimianova
  • Bank of England’s Net Zero Focus Raises Concerns Over Inflation-Fighting Capability, Warn Lords
    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, 2023BY Joseph Robertson
  • Net Zero Policies Can Impact UK Inflation Rate, Warns BoE Economist
    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, 2023BY Evgenia Filimianova
  • Bank of England Publishes Plans to Regulate Stablecoins
    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, 2023BY Evgenia Filimianova
  • Mortgage Approvals Slump as ‘Autumn Housing Market Pick-Up Fails to Materialise’
    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, 2023BY PA Media
  • Real Wages Grow for the 1st Time in Almost 2 Years Amid Easing Inflation
    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, 2023BY Lily Zhou
  • Mark Carney Highlights Financial Challenge of Reducing Carbon Emissions
    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, 2023BY Joseph Robertson
  • AI Can Lead to Financial Instability, Low Trust in Banks: BoE Analyst
    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, 2023BY Evgenia Filimianova
  • Sunak Resists Calls for Pre-Election Tax Cuts Ahead of Tory Conference
    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, 2023BY Lily Zhou
  • Chancellor: Tax Cuts ‘Virtually Impossible’ at the Moment
    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, 2023BY Lily Zhou
  • Bank of England Holds Interest Rate at 5.25 Percent After Two Years of Hikes
    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, 2023BY Evgenia Filimianova
  • Bank of England Interest Rate Reaches New 15-Year High
    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, 2023BY Lily Zhou
  • House Prices Record Biggest Annual Fall in 14 Years
    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, 2023BY Lily Zhou
  • Falling Petrol and Diesel Prices Drove Inflation Down to 7.9 Percent: ONS
    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, 2023BY Lily Zhou
  • It’s Price Rather Than Amount or Flow of Money That Matters
    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, 2023BY Law Ka-chung
  • UK Banks Can Withstand Deep Recession: Bank of England
    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, 2023BY Evgenia Filimianova
  • MPs Warned Rising Mortgage Rates Will Cause ‘Financial Stress’
    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, 2023BY Lily Zhou
  • Bank of England Calls Mothers ‘Birthing Parents’, Urged to Use Even More Gender Neutral Terms
    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, 2023BY Patricia Devlin
  • Whitehall Pledges Support for Bank of England Ahead of Interest Rate Review
    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, 2023BY Evgenia Filimianova
  • UK House Prices See Biggest Annual Fall Since 2009
    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, 2023BY Alexander Zhang
  • UK Inflation Drops But Prices Remain High
    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, 2023BY Evgenia Filimianova
  • Mortgage Arrears and Repossessions Jump as Homeowners Struggle Amid Soaring Interest Rates
    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, 2023BY Alexander Zhang
  • Bank of England Raises Interest Rates to Highest Level Since 2008
    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, 2023BY Lily Zhou
  • Bank of England Suffers From Groupthink, Peers Told
    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, 2023BY Lily Zhou
TOP NEWS
  • Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
    1hr By T.J. Muscaro
    Trump on Iran Conflict: Troops Staying Until ‘We Have a Completion’
  • Iran Launches First Missiles at Israel Since Ceasefire Agreement
    2hr By Jacki Thrapp
    Iran Launches First Missiles at Israel Since Ceasefire Agreement
  • Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
    3hr By Jack Phillips
    Israel Strikes Beirut Days After US-Supported Ceasefire Announcement
  • Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
    4hr By Savannah Hulsey Pointer
    Former Utah Attorney General Fights the Evil That Lurks in Quiet Places
  • US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
    6hr By Jacki Thrapp
    US Forces Shoot Down 2 Iranian Drones as Pakistani Interior Minister Visits Tehran
  • US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
    6hr By Jacki Thrapp
    US Won’t Unfreeze Iran’s Assets Before Peace Deal Is Reached, Trump Says
  • Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
    7hr By Mercura Wang
    Fascia: The Living, Interconnected Web Behind Movement and Healing—How to Enhance Its Function
  • Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
    11hr By Lawrence Wilson
    Eli Lilly Poised to Suspend Drug Discounts to Large Hospitals
  • US Bankruptcy Filings Increase 7 Percent Yearly
    12hr By Naveen Athrappully
    US Bankruptcy Filings Increase 7 Percent Yearly
  • Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
    18hr By Melanie Sun
    Treasury Department Seeks to Redirect Iranian Assets to Gulf Nations for War Damages
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