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Bank of England

Central bank of the United Kingdom

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Bank of England: Central bank of the United Kingdom
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker and debt manager, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank.

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Bank of England keeps interest rates on hold [Video]

Bank of England keeps interest rates on hold

The Bank of England has voted to keep interest rates unchanged, but showed what was perhaps the clearest sign in years that cuts could come in the months ahead. Bank governor Andrew Bailey said the..

Credit: ODN     Duration: 00:56Published
Chancellor hails inflation rate fall to 3.4% [Video]

Chancellor hails inflation rate fall to 3.4%

Chancellor Jeremy Hunt announces UK inflation fell to the lowest level in more than two years, to 3.4%. He would not be drawn on whether the fall would allow him to announce pre-election tax cuts in an..

Credit: ODN     Duration: 01:05Published
New Charles III banknotes on display at Bank of England exhibition [Video]

New Charles III banknotes on display at Bank of England exhibition

The new currency is being shown at a museum before entering circulation on 5 June.

Credit: euronews (in English)     Duration: 00:35Published
Chancellor welcomes Bank of England rates decision [Video]

Chancellor welcomes Bank of England rates decision

Chancellor Jeremy Hunt welcomes interest rates being held at 5.25% by the Bank of England, saying that it is "obviously very positive news for families with mortgages that interest rates appear to have..

Credit: ODN     Duration: 01:14Published

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The Bank of England is preparing the ground for lower interest rates

For some reason which no-one can quite remember, when economists talk about interest rates they invariably find themselves referring to species of birds.
Sky News - Published

Bank of England keeps interest rate at 5.25% but cut moves closer

The Bank of England interest rate has been kept at 5.25% for a fifth consecutive time, but says the prospects for a cut are "moving in the right direction".
Sky News - Published

'Distinct signs of upturn' for recession-hit economy, Bank of England governor says

There are "distinct signs of an upturn" in the UK economy - despite the country tipping into recession late last year, the governor of the Bank of England has said.
Sky News - Published

Ex-Bank of England economist 'laments' Labour U-turn on £28bn green pledge

A former chief economist at the Bank of England has expressed disappointment at Labour's decision to axe its £28bn green investment pledge.
Sky News - Published

Five million more households yet to feel full rate hike burden, Bank of England warns

The Bank of England has said that UK households and businesses have been "resilient" in the face of rising interest rates – but repeated previous warnings that the full effect of higher interest..
Sky News - Published

Bank of England should have its remit 'pruned' alongside forecasting shake-up

The Bank of England's remit should be "pruned", according to a report by a Lords' committee which is critical of its work in the build up to the cost of living crisis.
Sky News - Published

Bank of England governor dismisses prospect of interest rate cuts

Markets are underestimating how persistent inflation will be in the next year and interest rates are likely to remain high as a result, the governor of the Bank of England has said.
Sky News - Published

Interest rate held at 5.25% for second consecutive time by Bank of England

The Bank of England has decided against a further interest rate hike for the second consecutive time, maintaining the figure at 5.25%.
Sky News - Published

An audacious political land grab - Reeves takes advantage of months of Tory own goals | Beth Rigby

Rachel Reeves wore a dark blue power suit, spoke of iron fiscal discipline and was introduced and endorsed by former Chancellor George Osborne's pick for Bank of England governor, Mark Carney. 
Sky News - Published

'Very, very premature' to be talking about interest rate cut, Bank of England governor warns

The Bank of England has warned against complacency after its interest rate was frozen at 5.25%.
Sky News - Published

'In the right area': Ex-Bank of England governor urges interest rate caution

A former governor of the Bank of England has told Sky News that while it was too slow to turn off the stimulus taps after the COVID pandemic, its actions to tame inflation are now "in the right area."
Sky News - Published

Liz Truss turned Britain into 'Argentina on the Channel', says ex-Bank of England boss

A former governor of the Bank of England has launched a scathing attack on Liz Truss - accusing her government of turning Britain into "Argentina on the Channel".
Sky News - Published

Bank of England governor says interest rate rises nearing peak

The governor of the Bank of England has told MPs that interest rates may not rise much further amid expectations that inflation is set to fall "markedly" by the end of the year.
Sky News - Published

Bank of England says mortgage burden 'below financial crisis peaks'

The Bank of England says it expects the proportion of income UK households spend on mortgage payments to remain below levels seen during the financial crisis.
Sky News - Published

Jobs market - not Brexit - to blame for UK being inflation outlier, Bank of England boss says

jobs market - not brexit - to blame for uk being inflation outlier, bank of england boss says
The governor of the Bank of England, which has raised interest rates to a 15-year high, has said the UK labour market and not Brexit is to blame for stubbornly high inflation.
Sky News - Published

Fixed mortgage rates largely unchanged despite shock interest rise

fixed mortgage rates largely unchanged despite shock interest rise
Average fixed mortgage rates are largely unchanged following the Bank of England's shock announcement of a 5% base interest rate, according to a financial information company.
Sky News - Published

The big interest rate rise: Who will be affected today - and how much worse could it get?

the big interest rate rise: who will be affected today - and how much worse could it get?
The Bank of England's interest rate has increased by 0.5 percentage points - a figure that was bigger than expected.
Sky News - Published

Labour market 'is loosening', says BoE governor

labour market 'is loosening', says boe governor
The governor of the Bank of England has said there are signs that labour market tightness is loosening - but warned interest rates could still be increased further to curb inflation. 
Sky News - Published

Top economist regrets urging people to accept they are poorer

top economist regrets urging people to accept they are poorer
The Bank of England's top economist has expressed regret for saying people need to accept being poorer.
Sky News - Published

Inflation to fall 'rapidly' - but worse interest rate pain yet to come, BoE governor warns

inflation to fall 'rapidly' - but worse interest rate pain yet to come, boe governor warns
The governor of the Bank of England has told Sky News he expects inflation to fall "rapidly" in just weeks - but warned two thirds of the pain from interest rate rises is yet to come.
Sky News - Published

Bank of England set to hike interest rate again - but could this be last time for a while?

bank of england set to hike interest rate again - but could this be last time for a while?
The Bank of England is set to impose another interest rate hike on the UK economy today, the 12th consecutive increase in its battle to curb rampant inflation.
Sky News - Published

'We're all worse off': People urged by Bank of England to 'accept' being poorer

'we're all worse off': people urged by bank of england to 'accept' being poorer
The Bank of England's chief economist has urged people to accept they are poorer, warning that inflation risks remaining stubbornly high.
Sky News - Published

Lowest demand for cash since central banks hoarded notes over millennium bug fears

lowest demand for cash since central banks hoarded notes over millennium bug fears
Demand for banknotes is at its lowest since central banks stockpiled cash for fear of the millennium bug, the Bank of England's sole currency printer said.
Sky News - Published

Governor says Bank of England in period of 'heightened tension'

governor says bank of england in period of 'heightened tension'
The Bank of England governor has told MPs the regulator is currently in a period of "very heightened tension and alertness".
Sky News - Published

Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue

silicon valley bank uk arm hands out £15m in bonuses days after £1 rescue
The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was averted through a Bank of England-orchestrated rescue deal.
Sky News - Published

Silicon Valley Bank collapse 'does not have implications' for other UK banks

silicon valley bank collapse 'does not have implications' for other uk banks
The collapse of the UK branch of Silicon Valley Bank (SVB) is being mitigated by the Treasury and Bank of England, according to the Treasury.
Sky News - Published

Andrew Bailey says 'nothing is decided' suggesting interest rates may rise less than thought

andrew bailey says 'nothing is decided' suggesting interest rates may rise less than thought
Interest rates may rise less than previously thought with the governor of the Bank of England signalling there is no urgent need for hikes.
Sky News - Published

Britcoin could create 'new frontier' for people to improve payments

britcoin could create 'new frontier' for people to improve payments
New technologies could help to open up a "new frontier" for payments and the way in which money is used, a Bank of England boss has told MPs.
Sky News - Published

Inflation-busting public sector pay rises risk stoking inflation, Bank of England governor warns

inflation-busting public sector pay rises risk stoking inflation, bank of england governor warns
The governor of the Bank of England has told MPs that its forecasts for inflation to more than halve this year are at risk from price and wage-setting as unions continue to demand large public sector..
Sky News - Published

Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise

The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that borrowing costs may now be nearing their peak.
Sky News - Published

'Hangover effect' remains after mini-budget chaos but mortgage shock is over, BoE governor says

'hangover effect' remains after mini-budget chaos but mortgage shock is over, boe governor says
The governor of the Bank of England has told MPs there is still "something of a hangover effect" in the wake of the mini-budget market chaos last year but declared that the hit to mortgages was over.
Sky News - Published

Bank of England's unprecedented bond market intervention yields £3.8bn profit

bank of england's unprecedented bond market intervention yields £3.8bn profit
The Treasury is set to make £3.8bn in profit from the intervention the Bank of England made in markets last year.
Sky News - Published

Potential for UK to experience persistent inflation, Bank of England chief economist says

potential for uk to experience persistent inflation, bank of england chief economist says
Inflation may prove to be more persistent in the UK than other countries, the Bank of England's chief economist has said.
Sky News - Published

Mortgage approvals at lowest level since early months of pandemic as credit card debt soars

mortgage approvals at lowest level since early months of pandemic as credit card debt soars
Mortgage approvals were at the lowest since the early months of the pandemic and credit card debt was up more than £1bn in November, according to data from the Bank of England.
Sky News - Published

FTX collapse shows crypto is 'too dangerous' not to regulate - Bank of England

ftx collapse shows crypto is 'too dangerous' not to regulate - bank of england
Cryptocurrency trading is "too dangerous" to remain outside mainstream financial regulation and could pose "a systemic problem" without action, the deputy governor of the Bank of England has warned.
Sky News - Published

First banknotes featuring King Charles unveiled

The Bank of England has unveiled its first banknotes featuring King Charles.
Sky News - Published

Bank's interest rate rise still a concern but there are glimmers of hope for future | Ed Conway

bank's interest rate rise still a concern but there are glimmers of hope for future | ed conway
Whisper it quietly, but there were a few glimmers of hope hidden away in the Bank of England's latest interest rate decision.
Sky News - Published

Behind-the-scenes dysfunction of Truss government laid bare by Bank of England governor

behind-the-scenes dysfunction of truss government laid bare by bank of england governor
The degree of behind-the-scenes dysfunction in government ahead of September's mini-budget has come into clearer focus as the Bank of England governor described a near total breakdown in communications..
Sky News - Published

Bank of England head Andrew Bailey denies role in Liz Truss's downfall

bank of england head andrew bailey denies role in liz truss's downfall
The Bank of England Governor has denied having any part in the downfall of Liz Truss.
Sky News - Published

Bank of England unveils biggest interest hike for three decades

The Bank of England has unveiled the biggest interest hike for 30 years as it seeks to tame double-digit inflation.
Sky News - Published

Bank of England expected to unveil biggest interest rate rise since the 1980s later today

bank of england expected to unveil biggest interest rate rise since the 1980s later today
The Bank of England is expected to unveil the biggest interest rate rise since the 1980s today.
Sky News - Published

Just Stop Oil activists spray orange paint on Home Office and Bank of England

just stop oil activists spray orange paint on home office and bank of england
Climate activists have sprayed orange paint on buildings in central London, demanding that the government halts all new oil and gas licences and consents.
Sky News - Published

Bank of England 'engaging' with Treasury ahead of chancellor's statement

bank of england 'engaging' with treasury ahead of chancellor's statement
The Bank of England's deputy governor has said it is "engaging" with the Treasury over the fiscal event expected on 31 October.
Sky News - Published

Bank of England confirms intervention to stabilise pensions market after mini-budget

bank of england confirms intervention to stabilise pensions market after mini-budget
The Bank of England has confirmed it intervened to stabilise the pensions market following the chancellor's mini-budget as multiple firms which schemes were reliant on faced the prospect of being wound..
Sky News - Published

'Run dynamic' could have seen pensions collapse within hours

'run dynamic' could have seen pensions collapse within hours
The Bank of England's dramatic intervention today was in response to a "run dynamic" emerging in the British pensions system which could have resulted in the collapse of a swathe of institutions within..
Sky News - Published

What are bonds, how are they different to gilts and where do they fit in the mini-budget crisis?

The Bank of England has made the very unusual move of buying 'long-dated gilts' to restore stability after Liz Truss and Kwasi Kwarteng's mini-budget sent the markets plummeting.
Sky News - Published

IMF warns UK against mini-budget that will 'likely increase inequality'

imf warns uk against mini-budget that will 'likely increase inequality'
The International Monetary Fund (IMF) has criticised the UK government's mini-budget, saying the plans for tax cuts and spending will increase inequality and counteract the Bank of England's monetary..
Sky News - Published

'Significant monetary policy response' to come, Bank chief economist says

The Bank of England's chief economist has said the government's latest economic announcement will require "a significant monetary policy response".
Sky News - Published

Bank of England 'will not hesitate to change interest rates as necessary' after pound's fall

The Bank of England says it "will not hesitate to change interest rates as necessary" after markets reacted badly to the chancellor's tax-cutting mini-budget.
Sky News - Published

Bank of England queues as deadline looms to exchange paper notes

bank of england queues as deadline looms to exchange paper notes
The Bank of England has revealed it is seeing queues as holders of paper banknotes try to exchange them at its counter in the City of London.
Sky News - Published


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