Tag: Bank of England

• 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.

• Thursday, August 4th 2011 - 22:18 UTC

  Bank of England adopts ‘wait and see’ attitude amid world turbulence

  

  The Bank of England left its main interest rate at a record low 0.50% on Thursday for the 29th month in a row amid weak economic growth in Britain and a debt crisis in the Euro-zone. The quantitative easing QE program was also left stand-by at £200 billion.

• Friday, July 8th 2011 - 06:00 UTC

  Bank of England leaves rates on hold at record low 0.5%

  

  The Bank of England's Monetary Policy Committee (MPC) has kept UK interest rates on hold at a record low of 0.5%. Economists had expected no move in rates because the latest data has shown the UK economic recovery remains weak.

• Thursday, June 9th 2011 - 19:49 UTC

  Bank of England leaves rates unchanged to bolster recovery

  

  The Bank of England’s Monetary Policy Committee voted Thursday to maintain the official Bank Rate paid on commercial bank reserves at the record low 0.5%. The Committee also voted to maintain the stock of asset purchases financed by the issuance of central bank reserves at £200 billion.

• Tuesday, June 7th 2011 - 03:27 UTC

  IMF backs UK plan to reduce deficit but warns on weak growth

  

  The International Monetary Fund backed the British government's plans to reduce the budget deficit, but said tax cuts or more quantitative easing may be needed if growth proves persistently weak.

• Thursday, April 7th 2011 - 20:07 UTC

  Bank of England priority list has recovery before inflation: rates unchanged

  

  The Bank of England’s Monetary Policy Committee (MPC) has decided to retain the United Kingdom’s interest rate at 0.5%. The rate, the lowest in the Bank of England’s history, has now been unchanged for over two years despite speculation that higher rates may help combat inflation.

• Thursday, March 24th 2011 - 06:32 UTC

  Bank of England remains divided 6 to 3 on interest rate hike

  

  Six members of the Bank of England’s nine-strong Monetary Policy Committee, including Governor Mervyn King, continued to oppose the minority campaign for an immediate rise in benchmark UK interest rates at the MPC’s meeting two weeks ago, minutes revealed Wednesday.

• Friday, March 11th 2011 - 01:48 UTC

  In spite of inflation, Bank of England leaves interest rates at record low 0.5%

  

  UK interest rates have been held again at their record low of 0.5% by the Bank of England's Monetary Policy Committee. There has now been no change to the Bank rate for two years, despite the fact that inflation is currently twice the Bank's target rate.