Bank of England Financial News

31.05 / 06:27

SEC Bank of England SEC’s Hester Peirce Recommends US-UK Cooperation on Digital Securities Sandbox

US Securities and Exchange Commissioner Hester Peirce is pushing for a collaborative digital securities sandbox between the US and the Bank of England. This initiative would allow businesses to test innovative financial tools in a controlled environment.

01.08 / 15:52

Bank of England Bitcoin fed rate cut Bank of England 0.25% Rate Cut Stirs Potential Bitcoin Breakout

The Bank of England announced an interest rate cut of 0.25%, down to the 5% mark. This concludes one of the longest periods of heightened interest rates.

16.02 / 09:11

economics inflation Bank of England UK US Monetary Policy Committee BoE's Greene: UK's 'more constrained' supply side is leading to 'stickier' inflation than the US

Megan Greene (pictured), said that inflation is above target in both countries, however, the issue is of ‘greater concern’ in the UK.

15.02 / 15:35

economics inflation Bank of England UK Recession GDP AJ Bell 'Outcry' for rate and tax cuts would only be a 'short-term fix' to UK growth issues

'What is required from our leaders are some genuine policies to be able to generate sustainable growth, which benefits the wider economy. Failing which, the image of the mammoth stuck in the La Brea Tar Pits creates the perfect analogy.'

13.02 / 10:58

economics Bank of England UK Interest rates Office for National Statistics Unemployment UK wage growth defies forecasts but slows to lowest level in more than a year

Economists have advised against heavily relying on LFS data, citing persistent concerns about its quality.

12.02 / 16:07

economics Bank of England UK Interest rates treasury committee Ex-BoE deputy governor calls for lower interest rate on QE programme - reports

Bean said the QE programme has already cost UK taxpayers £38bn over the last 16 months, and is expected to be as high as £200bn.

09.02 / 11:06

economics inflation Bank of England UK Interest rates MPC Monetary Policy Committee BoE rate setter Mann: Inflation 'gaps' make achieving 2% target sustainably 'elusive'

Catherine Mann (pictured) said financial conditions had eased 'too much already' since September, in part as markets now 'soon expect' cuts.

17.01 / 09:33

inflation Bank of England UK GDP UK inflation Premier Miton UK inflation unexpectedly rises to 4% in December

Prior to this morning’s data release, some economists had brought forward predictions for Bank of England rate cuts, expecting potential easing in May or June.

16.01 / 08:46

economics Bank of England UK Interest rates Office for National Statistics job vacancies UK annual wage growth slows to 6.5% as vacancies continue falling

The estimated number of vacancies in the last quarter of 2023 continued to fall to 934,000 – a 49,000 reduction – marking Q4 2023 as the 18th consecutive quarter of vacancy falls, and the longest consecutive run of quarterly falls ever recorded.

12.01 / 09:01

regulation HSBC Banks Bank of England UK Silicon Valley Bank consultation UK Treasury plans reforms to manage small bank failures after SVB collapse

The consultation comes nearly a year after the collapse of Silicon Valley Bank, when HSBC stepped in to buy the bank’s UK subsidiary for £1 in March.

11.01 / 11:47

economics Bank of England UK Treasury Select Committee financial stability Financial BoE's Breeden: 'No evidence' quantitative tightening poses risk to financial stability

Governor Andrew Bailey showed optimism around the economy, restating the need for inflation to get back to the bank's 2% target to maintain financial stability.

11.01 / 08:17

Bank of England Bitcoin Bitcoin is “Not Taking Off” as Mainstream Payment: BoE Governor

Andrew Bailey, Bank of England governor, says cryptos lost its momentum to keep up a in the mainstream payments system.

08.01 / 08:31

economics inflation Bank of England UK Interest rates MPC 2024 NOT Former MPC member claims BoE will not be able to cut interest rates in 2024 - reports

'I do not think the Bank will be able [to lower rates] because I do not think inflation will come down much further or much faster. I think we are stuck with a fairly sticky inflation situation,' she said.

04.01 / 18:58

economics Survey inflation Bank of England UK ING UK businesses forecast sizeable drop in inflationary pressures

Firms expected their output price inflation to fall in the next 12 months by 1.5 percentage points from the 4.4% reported for Q4 2023.

03.01 / 15:11

economics Bank of England UK Interest rates GDP Office for National Statistics UK executives call on Bank of England to cut rates amid sinking confidence in economy - reports

Markets are now expecting up to six 25-basis-point cuts by the end of the year.

22.12 / 12:57

inflation Bank of England UK Interest rates Monetary Policy Committee Chancellor of the Exchequer 2024 Jeremy Hunt raises prospect of rate cuts in 2024 - reports

Chancellor of the Exchequer Jeremy Hunt has spurred optimism that the Bank of England could begin interest rate cuts next year, if the government delivers its economic policies.: Simon Dawson / No 10 Downing Street

19.12 / 18:47

economics inflation Bank of England UK Interest rates monetary policy BoE's newest rate-setter Breeden warns further tightening cannot be ruled out

Sarah Breeden (pictured), the Bank of England's new deputy governor for financial stability.

18.12 / 15:49

economics Bank of England UK Interest rates European Central Bank Unemployment BoE's Broadbent: More 'protracted and clearer' decline in inflation needed to confirm downward trend

He said a lot of economic metrics – such as GDP, employment and wages – may not be 'perfectly measured', which is why often the relevant information comes with a delay leading to revisions to several data sets.

16.12 / 15:16

economics Federal Reserve Bank of England Interest rates IMF European Central Bank IMF chief warns central banks against 'premature' interest rate cuts - reports

Kristalina Georgieva (pictured) is managing director of the IMF.

14.12 / 14:43

economics inflation Bank of England UK Interest rates monetary policy Monetary Policy Committee Bank of England meets expectations as rates held at 5.25%

The central bank's Monetary Policy Committee voted to hold interest rates at 5.25%.

12.12 / 12:13

regulation Bank of England UK PRA capital rules Bank of England sets out 'near-final' plans to tighten capital rules for UK banks

The PRA said the requirements will be 'low' and result in an average increase in Tier 1 capital requirements for UK firms of around 3% once fully phased in.

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