Bank to ‘sit tight’ on interest rates amid Brexit ‘fog’
The Bank of England is expected to hold interest rates at 0.75% once more on Thursday as Brexit uncertainties reach their peak.
Bank of England
Brexit delay will keep stranglehold on UK economy, warns former Bank policymaker
Delaying Brexit will consign Britain’s already weak economy to “sluggish” growth and risks a further manufacturing exodus until a deal is struck, a former Bank of England rate-setter has warned.
Bank of England must keep ‘own house in order’ or risk credibility, warns report
The Bank of England must modernise its “out of date” way of working, slash costs and overhaul its compliance or risk damaging its credibility, a Commons report has warned.
Visa told to hire PwC following IT failure
The Bank of England has ordered credit card giant Visa to appoint accountancy giant PwC to help avoid a repeat of an outage that caused chaos last year.
EU faces hit from failure to prepare for no-deal Brexit, Bank warns
Britain’s financial system is ready for potential no-deal Brexit chaos but households and businesses across the rest of the EU could be hit by Europe’s failure to take enough action, the Bank of England has warned.
Carney ‘guarantees’ no-deal Brexit growth downgrade
Bank of England boss Mark Carney has warned he would “guarantee” a sharp downgrade to UK growth in a no-deal Brexit, but said policymakers would provide all possible support to the economy.
Negative rates could be on the cards in no-deal Brexit chaos – Blanchflower
Interest rates could be slashed into negative territory for the first time in history to combat the fallout from a chaotic no-deal Brexit, a former Bank of England policymaker has warned.
Brexit has cost British economy £80bn – Bank of England
Brexit has cost the British economy at least £80 billion since the referendum and the shock of a no-deal divorce could see interest rates slashed, according to a Bank of England policymaker.
Bank of England chief calls for Brexit solution as he warns over global risks
Mark Carney has urged politicians to find a Brexit solution as he warned over economic risks posed by a slowing Chinese economy, protectionism and “de-globalisation”.
Pound shrugs off Bank of England’s lower growth outlook
The pound shrugged off the Bank of England’s warnings of weaker economic growth on Thursday, making gains on the US dollar and the euro as talks with the EU resumed.
Bank warns of no deal recession risk as it slashes growth outlook to 10-year low
Bank of England governor Mark Carney has warned about the mounting risk of recession in the event of a no-deal Brexit, as Britain’s growth forecast was slashed to its weakest for 10 years.
Bank slashes growth outlook to weakest for 10 years as it holds interest rates
The Bank of England has warned Brexit uncertainty is set to see growth slump to its lowest level for 10 years in 2019, as it held interest rates at 0.75%.
Bank set to keep rates at 0.75% as Brexit takes its toll
The Bank of England is expected to keep interest rates unchanged at 0.75% on Thursday, amid signs Brexit uncertainty is wreaking havoc on the economy.
Bank to ‘sit on the sidelines’ amid Brexit uncertainty
The Bank of England is set to keep interest rates on hold once more next week as Brexit uncertainty continues to take its toll on the economy.
Bank must make right call on interest rates if no-deal Brexit, Mark Carney says
Interest rates will not automatically go up or down if Britain crashes out of the European Union without a deal, the governor of the Bank of England has said.
Pound will remain volatile after Brexit delay hope sparks rebound, says Carney
Bank of England governor Mark Carney has said the pound’s rebound after the Commons vote signals market hope that Brexit can be delayed, but warned over further volatility.
Inflation falls to lowest level for two years
Inflation has fallen to its lowest level in two years and within a whisker of the Bank of England’s target due to a drop in petrol prices and air fares.
Inflation to fall close to Bank of England’s target
Inflation is expected to have fallen in December to within a whisker of the Bank of England’s target, due to lower motor fuel and tobacco prices.
Inflation to fall close to Bank of England’s target
Inflation is expected to have fallen in December to within a whisker of the Bank of England’s target, due to lower motor fuel and tobacco prices.
Former Virgin Money boss among two women hired on Bank committee
Two of the UK’s most prominent women in banking have been appointed to the Bank of England’s financial watchdog.