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Bank of England
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OECD forecasts weak global growth, not enough to meet expectations of young and old
The Organisation for Economic Cooperation and Development says global economic growth will flounder this year and next as globalisation stalls.The Organisation for Economic Cooperation and Development says global economic growth will flounder this year and next as globalisation stalls.
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.
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.
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.
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.
Bank of England cuts the cost of borrowing to counter economic effects of Brexit vote
The UK's central bank has cut its base interest rate for the first time in seven years, from 0.5 percent to 0.25 percent - a new record lowThe UK's central bank has cut its base interest rate for the first time in seven years, from 0.5 percent to 0.25 percent - a new record low
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.
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.
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.
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.
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.
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.
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.
Bank of England spat with Vote Leave over Brexit comments
The Bank of England governor Mark Carney has clarified comments he made on the upcoming EU referendum.The Bank of England governor Mark Carney has clarified comments he made on the upcoming EU referendum.
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.
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.
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.
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 interestThe 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
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 theThe 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
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 analyseThis 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
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. ButThe 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
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 financialThe 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
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 toBritain’s economic growth, at the heart of political campaigning for next weeks poll, has slowed in the manufacturing sector. That’s according to
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 monthThe UK inflation rate is running at record lows after the Office for National Statistics announced a zero percent inflation rate for the second month
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 centralReading 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
Central Bank Interventions: A step back or forward?
The new season of Business Middle East looks at the world’s most important economic events as they affect the Middle East, with central banks in focusThe new season of Business Middle East looks at the world’s most important economic events as they affect the Middle East, with central banks in focus
UK borrowing costs unchanged, policymakers give recovery time to build
There was no interest rate change from Britain’s central bank at the August policy meeting. The cost of borrowing remained at a record low 0.5There was no interest rate change from Britain’s central bank at the August policy meeting. The cost of borrowing remained at a record low 0.5
UK jobless falls, pay growth at record low
The unemployment rate in Britain has fallen again. In the three months up to May it was as 6.5 percent of the workforce, the lowest level since lateThe unemployment rate in Britain has fallen again. In the three months up to May it was as 6.5 percent of the workforce, the lowest level since late
Bank of England responds to surging UK housing prices
Britain’s central bank is moving to put the brakes on surging property prices in the UK. From October, the Bank of England is to cap the number ofBritain’s central bank is moving to put the brakes on surging property prices in the UK. From October, the Bank of England is to cap the number of