Tag: Bank of England

• Friday, May 4th 2012 - 00:31 UTC

  Bank of England governor admits more should have done to prevent the crisis

  

  After coming under fire for years for refusing to accept responsibility for the crisis, Bank of England governor Mervyn King said in his BBC Today Program Lecture that the BoE should have done more -- but added that the bank's hands had been somewhat tied.

• Thursday, February 9th 2012 - 20:25 UTC

  Bank of England pumps an extra £ 50bn to boost the UK economy

  

  Bank of England has agreed to extend its quantitative easing (QE) program by £50bn to give a further boost to the UK economy. When completed, it will bring the total amount of QE stimulus to £325bn.

• Thursday, January 26th 2012 - 05:28 UTC

  Fears UK economy might have entered a mild recession at the end of 2011

  

  Britain's economy may have entered a mild recession in the last three months of 2011, hampering the government's core policy aim of spurring growth and raising the chances that the Bank of England will inject more cash soon.

• Friday, January 13th 2012 - 21:48 UTC

  UK producer prices drop in December; further emergency stimulus anticipated

  

  The prices of goods leaving Britain's factories surprisingly fell in December compared with November, confirming expectations that inflation is set to ease further this year, official data showed Friday.

• Wednesday, December 14th 2011 - 17:04 UTC

  October marks UK highest unemployment level in 17 years

  

  The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff.

• Friday, December 9th 2011 - 06:11 UTC

  Bank of England leaves rates unchanged at the record low 0.5%.

  

  UK interest rates were held at a record low of 0.5% by the Bank of England's Monetary Policy Committee on Thursday.

• Saturday, October 8th 2011 - 08:16 UTC

  Moody’s downgrades 12 UK finance firms on fears BoE will not rescue weak banks

  

  Moody's has downgraded the credit rating of 12 UK financial firms including Lloyds TSB, RBS, Nationwide and Santander UK. The ratings agency said it now believed the government was less likely to support firms that got into trouble.

• Thursday, October 6th 2011 - 16:59 UTC

  Bank of England agrees to inject £ 75 billion to shield the British economy

  

  The Bank of England will inject 75 billion pounds to shield Britain's economy from the Euro zone debt crisis and keep a faltering recovery going, opting for an early, dramatic move to maximise the impact.

• Thursday, September 8th 2011 - 22:13 UTC

  Bank of England won’t extend liquidity program; leaves rates at minimum

  

  UK interest rates have been held at a record low of 0.5% by the Bank of England's Monetary Policy Committee (MPC). Concerns about the strength of the UK economic recovery meant economists had expected rates to remain unchanged as they have been since March 2009.

• Monday, August 22nd 2011 - 07:10 UTC

  Venezuela has requested 99 tons of gold holdings from the Bank of England

  

  Venezuela’s central bank has requested its 99 tons of gold holdings from the Bank of England, according to a bank statement sent by e-mail, citing the institution’s president Nelson Merentes.