Tag: Bank of England

• Monday, February 22nd 2021 - 07:03 UTC

  Bank of England divided over the use of negative interest rates

  

  A member of Bank of England's Monetary Policy Committee, Gertjan Vlieghe, openly supported the use of negative interest rates if the U.K. needs more stimulus, while Deputy Governor Dave Ramsden said the bank still had scope for more quantitative easing. which has been a tried and tested policy.

• Friday, February 5th 2021 - 08:21 UTC

  Bank of England tells banks to prepare for negative interest rates

  

  The Bank of England (BOE) told banks to start getting ready for negative interest rates but added that the message shouldn’t be taken as a signal that the policy is imminent. The BOE made the announcement as it held its key rate at a record low of 0.1%.

• Friday, November 27th 2020 - 08:05 UTC

  Maradona's contribution to monetary policy, according to Lord Mervyn King

  

  Even the Financial Times referred to the death of Diego Armando Maradona, one of the most gifted footballers to ever play the game. In effect, the FT recalls that while his dribbling prowess was world-renowned, fewer people know that his skills were used to construct one of the most memorable monetary policy analogies of all time.

• Friday, July 3rd 2020 - 08:50 UTC

  Venezuelan gold: High Court rules UK “unequivocally recognizes” Guaidó as president of the country

  

  The British High Court ruled on Thursday that the UK government “unequivocally recognized” Venezuelan opposition leader Juan Guaido as president of the country.

• Friday, June 19th 2020 - 09:30 UTC

  Bank of England: It's not that bad so the bond-buying program will be scaled down

  

  The Bank of England slowed the pace of its huge bond-buying program on Thursday as it saw some signs that the British economy was recovering from the unprecedented slump caused by the coronavirus lockdown.

• Thursday, May 7th 2020 - 13:01 UTC

  Bank of England preparing new stimuli; economy could shrink 14% this year but bounce back 15% in 2021

  

  The Bank of England said Britain could be headed for its biggest economic slump in over 300 years due to the coronavirus lockdown and kept the door open on Thursday for further stimulus.

• Friday, April 10th 2020 - 14:50 UTC

  US Fed and Bank of England ramp up emergency responses to the escalating recession in unchartered waters

  

  The U.S. Federal Reserve and the Bank of England ramped up their emergency responses to the world's escalating coronavirus recession on Thursday as they pushed deeper into territory once considered fraught with risk for central bankers.

• Thursday, March 12th 2020 - 07:35 UTC

  Coronavirus: Bank of England cuts interest rate 50 basis points to 0.25%

  

  The Bank of England (BOE), the UK's central bank, cut interest rates by 0.5 percentage points on Wednesday morning as part of an emergency response to the coronavirus, or COVID-19.

• Monday, December 23rd 2019 - 08:40 UTC

  Bank of England leaves interest rates on hold, but ready to cut over global and Brexit uncertainties

  

  The Bank of England has kept interest rates on hold at 0.75% but indicated it may cut the cost of borrowing if global economic growth fails to recover or Brexit uncertainties persist. It said the UK economy was expected to pick up from its current weakness.

• Tuesday, July 16th 2019 - 21:42 UTC

  Enigma code breaking genius chosen to be on new £50 English banknotes

  

  Alan Turing was preferred over Stephen Hawking and Margaret Thatcher to feature on the highest-denomination bills in the country. The Bank of England has selected the face of the computer science genius whose most famous breakthrough proved decisive in the outcome of World War II against Germany to appear in the new £50 note (around 62 US dollars) due to enter circulation by the end of 2021.