Bank of England

Pound Falls From 11-Month High as BOE Keeps Rates Unchanged

EghtesadOnline: The pound slid from an 11-month high versus the dollar and U.K. government bonds rallied after the Bank of England voted to keep interest rates unchanged, while also cutting the country’s economic growth forecast.

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Publish Date:03/August/2017 | 13:43

BOE Reviews Consumer Credit Surge as Citigroup Warns of `Bubble'

EghtesadOnline: U.K. regulators are starting a review into consumer borrowing after the Bank of England warned again about a potentially unsustainable buildup of debt.

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Publish Date:27/March/2017 | 13:19

Carney Braces for Brexit Twists as Inflation Unease Grows

EghtesadOnline: Mark Carney warned that surprises could still be ahead as the U.K. starts the formal process of leaving the European Union, and the Bank of England is ready to respond accordingly.

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Publish Date:02/February/2017 | 17:19

Carney’s Balancing Act Gets Trickier as Brexit Saga Hits Pound

EghtesadOnline: Mark Carney says his tolerance for faster inflation is limited, and the signs are that those limits will be tested.

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Publish Date:16/January/2017 | 04:27

Carney Signals Higher Bank Buffer If U.K. Economy Holds Steady

EghtesadOnline: Bank of England Governor Mark Carney signaled he could raise banks’ capital requirements as early as this summer should the U.K. economy remain steady following the nation’s vote to leave the European Union.

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Publish Date:12/January/2017 | 06:18

Softer rate outlook does not justify easier mortgage rules: Bank of England

EghtesadOnline: Reduced market expectations of a big rise in interest rates do not mean the Bank of England should loosen rules designed to stop mortgage borrowers getting into difficulty, central bank regulators have agreed.

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Publish Date:06/December/2016 | 11:05

Bank of England Governor Carney ready to serve full term: FT

EghtesadOnline: Bank of England Governor Mark Carney is ready to serve a full eight-year term, despite critics campaigning for him to resign ahead of time, the Financial Times reported on Sunday.

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Publish Date:31/October/2016 | 04:36

Pound Reverses Decline as U.K. Economy Grows More Than Forecast

EghtesadOnline: The pound strengthened, reversing an earlier decline against the dollar, after data showed the U.K. economy expanded more than forecast in the third quarter, reinforcing expectations that the Bank of England will raise interest rates next week.

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Publish Date:25/October/2017 | 13:26

U.S. Stocks Mixed Near Records, Pound Drops on BOE

EghtesadOnline: U.S. stocks opened mixed as investors assessed the latest batch of corporate results ahead of Friday’s jobs report. The British pound slumped after the Bank of England cut its U.K. growth outlook.

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Publish Date:03/August/2017 | 13:42

BoE's Broadbent: pound's fall a 'shock absorber' after EU vote - BBC radio

EghtesadOnline: Bank of England Deputy Governor Ben Broadbent said the pound's fall after Britain voted to leave the European Union has acted as an important shock absorber for the economy, in a radio interview broadcast on Monday.

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Publish Date:17/October/2016 | 07:43

Bank of England says UK faces 'challenging period' for financial stability

EghtesadOnline: Britain still faces a "challenging period" for financial stability despite resilience seen after the European Union referendum, and rules for banks must remain stay tight, the Bank of England said on Thursday.

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Publish Date:22/September/2016 | 11:45

Bank of England set to stick with rate cut signal despite Brexit bounce

EghtesadOnline: The Bank of England is expected to say on Thursday that it will still probably cut interest rates to a fraction above zero later this year, despite signs it overestimated the initial shock to Britain's economy from June's Brexit vote.

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Publish Date:15/September/2016 | 08:05

BOE's McCafferty says more rate cuts on way if economy worsens -Times

EghtesadOnline: Bank of England policymaker Ian McCafferty said more quantitative easing was likely to be required if the U.K.'s economic decline worsens, the Times reported on Tuesday.

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Publish Date:09/August/2016 | 09:20

Bank of England cuts rates for first time since 2009, restarts bond purchases

EghtesadOnline: The Bank of England cut interest rates for the first time since 2009 on Thursday and said it would buy 60 billion pounds of government debt to ease the blow from Britain's June 23 vote to leave the European Union.

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Publish Date:04/August/2016 | 24:16

Financials lift stocks in Europe and Asia, pound dips before BoE decision

EghtesadOnline: Shares rose in Europe and Asia, lifted by gains in financial stocks, while sterling dipped against the dollar before a Bank of England policy meeting expected to deliver a first cut in interest rates since 2009.

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Publish Date:04/August/2016 | 11:53

Bank of England prepares to tackle Brexit hit

EghtesadOnline: The 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.

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Publish Date:31/July/2016 | 08:37