Tag: Mark Carney

• Wednesday, April 20th 2016 - 06:15 UTC

  Bank of England says it has a duty to talk about the Brexit referendum

  

  It is the Bank's duty to talk about the European Union referendum risks, argues the Bank of England governor Mark Carney, dismissing accusations the Bank is too political. The referendum takes place on 23 June and has become highly controversial.

• Wednesday, September 2nd 2015 - 08:30 UTC

  Despite China, for the Fed and BoE, an interest rate raise still on the table

  

  United States inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown.

• Saturday, August 8th 2015 - 08:22 UTC

  Bank of England keeps rates unchanged; little talk of rise because of China and Greece

  

  UK interest rates have been held at 0.5% again by the Bank of England's Monetary Policy Committee (MPC). Members voted 8-1 to keep rates on hold - the first time for months the decision has not been unanimous, with Ian McCafferty voting for an increase.

• Wednesday, August 5th 2015 - 07:25 UTC

  UK government begins sale of rescued RBS, but a third below the price it paid

  

  The British government has begun its sell-off of shares in part-nationalized lender Royal Bank of Scotland, raising £2.1bn, a third below the price it paid. It sold a 5.4% stake at 330p a share, a 7.6p discount on Monday's closing price.

• Thursday, March 12th 2015 - 01:11 UTC

  Bank of England contrary to further cut interest rates to combat low inflation

  

  Bank of England governor Mark Carney said it would be “extremely foolish” for the Bank of England to cut interest rates to try to combat low inflation. He reiterated comments made in February that the drop in prices was temporary and largely caused by the sharp fall in oil prices.

• Friday, March 6th 2015 - 07:06 UTC

  UK leaves interest rates unchanged at record low 0.5% for six years

  

  UK interest rates have been kept unchanged again by the Bank of England, meaning they have now been at their record low of 0.5% for six years. Rates were first cut to 0.5% in March 2009 as the Bank sought to lift economic growth amid the credit crunch.

• Monday, February 9th 2015 - 12:46 UTC

  Bank of England unanimously leaves interest rates at 0.5% for the 71st month

  

  Bank of England has held interest rates at 0.5% for the 71st month in a row and kept its stimulus programme of quantitative easing (QE) unchanged. Most forecasters now think interest rates will not rise before next year.

• Sunday, November 9th 2014 - 10:19 UTC

  Bank of England expected to raise rates, gradually, after May general election

  

  Bank of England interest rates have been left on hold at 0.5% for another month amid fears that the pace of recovery in the UK economy is slowing. The BoE base rate has been at its current level for more than five years, with economists not expecting an increase until next summer.

• Tuesday, October 14th 2014 - 05:35 UTC

  Bank of England governor warns 'bankers' behavior still needs to change”

  

  Bankers' behavior still needs to change following the financial crisis, Bank of England governor Mark Carney has warned. He added that top executives had “got away without sanction”.“Maybe they were not at the best tables in society after that, but they're still at the best golf courses. That has to change,” he said. Mr Carney was speaking at the International Monetary Fund's annual meeting in Washington.

• Friday, October 3rd 2014 - 06:38 UTC

  Bank of England wants new powers to prevent a housing 'boom and bust'

  

  The Bank of England has asked formally for new powers to prevent a housing boom and bust. Under the powers, the Bank would be able to limit how much people can borrow to buy a home, according to their financial circumstances.