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Bank of England

News

Bank note controversy in UK

The Bank of England’s new plastic five pound note has fallen foul of vegans and members of the UK’s Sikh and Hindu communities.

The Bank of England’s new plastic five pound note has fallen foul of vegans and members of the UK’s Sikh and Hindu communities.

Business

Bank of England drops planned UK interest rate cut

The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017.

The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017.

Business

Bank of England governor Mark Carney to stay until June 2019

Bank of England Governor Mark Carney is to stay in that job until the end of June 2019 to help smooth Britain's departure from the European Union.

Bank of England Governor Mark Carney is to stay in that job until the end of June 2019 to help smooth Britain's departure from the European Union.

Business

Brexit vote fears hit UK business sentiment

The latest UK business surveys seem to show the economy losing steam with company bosses lacking confidence about investment and hiring workers.

The latest UK business surveys seem to show the economy losing steam with company bosses lacking confidence about investment and hiring workers.

Business

UK central bank signals new rate cut to head off Brexit vote slowdown

Britain’s central bank has left the cost of borrowing unchanged but signaled a probable cut in the benchmark lending rate to just above zero later this year.

Britain’s central bank has left the cost of borrowing unchanged but signaled a probable cut in the benchmark lending rate to just above zero later this year.

Business

More massive losses at Royal Bank of Scotland

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

Royal Bank of Scotland has sunk deeper into the red and said it is likely to take even longer than expected to return to profit.

News

Bank of England fights Brexit vote slowdown with stimulus

Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.

Britain's central bank has unveiled a series of stimulus measures to help protect the economy from the effects of the vote to leave the European Union.

Business

Shares rise, pound drops on UK stimulus measures

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

Business

UK economy was growing before Brexit vote, retail sales fall since vote

Newly released statistics show that before the Brexit vote the UK's economy grew fairly robustly and after the vote British retailers suffered their sharpest fall in sales in four years.

Newly released statistics show that before the Brexit vote the UK's economy grew fairly robustly and after the vote British retailers suffered their sharpest fall in sales in four years.

Business

Bank of England surprises investors with no change to UK interest rates

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

The Bank of England has left the cost of borrowing unchanged in Britain - for now - which pushed down share prices in London and boosted the pound against the dollar and the euro.

Business

Bank of England's Carney defends Brexit warnings

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

Accused of putting out "scare stories" and "phony forecasts" before the EU referendum, Bank of England Governor Mark Carney has defended warnings about the economic risks of Brexit.

Business

Bank of England eases rules for banks to encourage lending and meet Brexit challenge

Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out.

Britain's central bank has announced further measures to protect from the effects of Brexit including lowering the amount of money that banks have to keep in reserve so more cash will be loaned out.

Business

Bank of England flags up summer stimulus to counter Brexit effects

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects of Brexit.

The Bank of England's Governor Mark Carney has said more stimulus will probably been needed for the UK economy over the summer to counter the effects of Brexit.

Business

Bank of England and ECB take measures to reassure markets

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

News

Bank of England poised to stem Brexit shockwaves

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

The Bank of England Governor Mark Carney has said its ready to intervene and provide additional help to prop up financial markets.

Business

UK April inflation slips

Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015 as the cost of airfares and clothes fell.

Inflation in British slipped in April for the first time since September last year. Consumer prices rose 0.3 percent from April 2015 as the cost of airfares and clothes fell.

Business

UK central bank warns 'Brexit could trigger recession'

Bank of England Governor Mark Carney has stepped up his warnings about the economic risks if Britain votes to leave the European Union, with even the possibility of a technical recession.

Bank of England Governor Mark Carney has stepped up his warnings about the economic risks if Britain votes to leave the European Union, with even the possibility of a technical recession.

Business

UK jobless rate unchanged, wage growth slows

Unemployment in the UK fell by 60,000 in the final three months of 2015, but despite the strong labour market wage growth slowed.

Unemployment in the UK fell by 60,000 in the final three months of 2015, but despite the strong labour market wage growth slowed.

Business

No hurry to hike: pessimism from BoE on rates and OPEC on oil

The Bank of England met on what was dubbed “Super Thursday” on hopes that Bank Governor Mark Carney would have something positive to say on interest

The Bank of England met on what was dubbed “Super Thursday” on hopes that Bank Governor Mark Carney would have something positive to say on interest

Business

Pulling the strings: central banks' impact on global markets

The Federal Reserve, Bank of of England and the People’s Bank of China. three central banks play a hugely influential role in the performances of the

The Federal Reserve, Bank of of England and the People’s Bank of China. three central banks play a hugely influential role in the performances of the

Business

Mounting uncertainty over US and UK interest rates

This week, Business Middle East takes a look at interest rates in the UK and the US and when there could be a hike. In Business Snapshot, we analyse

This week, Business Middle East takes a look at interest rates in the UK and the US and when there could be a hike. In Business Snapshot, we analyse

Business

Bank of England holds interest rates

The Bank of England has decided to hold UK interest rates at 0.5 percent. The decision marks the 78th consecutive month of record-low rates. But

The Bank of England has decided to hold UK interest rates at 0.5 percent. The decision marks the 78th consecutive month of record-low rates. But

Business

Bank of England keeps interest rates at record low

The Bank of England has once again kept UK interest rates at a record 0.5 percent low. The rates have been held since the depths of the financial

The Bank of England has once again kept UK interest rates at a record 0.5 percent low. The rates have been held since the depths of the financial

News

Manufacturing figures for the UK fall ahead of election

Britain’s economic growth, at the heart of political campaigning for next weeks poll, has slowed in the manufacturing sector. That’s according to

Britain’s economic growth, at the heart of political campaigning for next weeks poll, has slowed in the manufacturing sector. That’s according to

Business

UK inflation remains at zero percent

The UK inflation rate is running at record lows after the Office for National Statistics announced a zero percent inflation rate for the second month

The UK inflation rate is running at record lows after the Office for National Statistics announced a zero percent inflation rate for the second month

Business

BoE uncertainty on inflation unsettles world and MENA markets

Reading between the lines of the latest British inflation report from the Bank of England there seems to be some muddled thinking in the UK central

Reading between the lines of the latest British inflation report from the Bank of England there seems to be some muddled thinking in the UK central