Bank of England Financial News

10.11 / 13:47

economics Bank of England UK bonds Global Bank of England begins bond market stress test

The SWES will model a ten-day scenario, with the first day witnessing yields on 10-year gilts increasing by about 45 basis points, exceeding the largest historical observations.

08.11 / 16:23

economics Bank of England UK Andrew Bailey warns of risks to world economy posed by 'fragmentation'

Andrew Bailey (pictured), said that within financial services, fragmentation damages financial markets by reducing its size and making them 'inherently less stable'.

08.11 / 12:00

UBS Bank of England companies Credit Suisse bonds FINMA Takeover UBS offers first AT1 bonds since Credit Suisse takeover

Holders of $17bn of Credit Suisse’s AT1 bonds had their holdings wiped out as part of the historic takeover of the bank by UBS, a move that has sparked controversy across European debt markets.

08.11 / 08:35

Bank of England UK People moves committee Financial BoE appoints Nathanaël Benjamin to Financial Policy Committee

The job move will become effective in December this year, and he will report to deputy governor for financial Stability Sarah Breeden.

07.11 / 16:29

inflation Bank of England UK King's Speech: Inflation control key as pensions and IHT take back seat

In his first King's Speech, he outlined the programme of legislation the government plans to progress in the next parliament session, which is likely to be the last before the next general election.

06.11 / 22:23

Stablecoin regulation Bank of England UK stablecoin regulation begins to take shape in multiple FCA, BOE documents

A suite of documents was published in the United Kingdom on Nov. 6 that concern stablecoin regulation. The Financial Conduct Authority (FCA) released a discussion paper, as did the Bank of England (BOE). To accompany those, the BOE’s Prudential Regulatory Authority (PRA) released a letter to CEOs of deposit-taking institutions, and the BOE released a “cross-authority roadmap” to link them together.

06.11 / 19:21

Stablecoin Bank of England UK FCA FCA Bank of England and UK’s FCA Propose Plans to Regulate Stablecoins

The UK’s central bank and the financial regulator have both proposed plans to regulate stablecoins in discussion papers, published Monday.

06.11 / 16:03

Technology Stablecoin regulation Bank of England FCA Bank of England and FCA outline plans to regulate stablecoins into mainstream

In the paper, the BoE said that lenders will be pushed to make it clear to customers that stablecoins are not standard deposits, which are guaranteed against bank failures.

02.11 / 12:53

economics inflation Bank of England UK Interest rates Macroeconomics Monetary Policy Committee Bank of England meets expectations by holding rates at 5.25%

The central bank's move to hold had been widely expected by markets.

02.11 / 10:57

economics Federal Reserve inflation Bank of England US Interest rates Jerome Powell All eyes on the BoE as Federal Reserve holds rates at 22-year high

The Fed's rate-setting committee said The committee said leaving rates unchanged would give the central bank to continue to assess additional information and its implications for monetary policy.

01.11 / 11:37

economics Federal Reserve Bank of England UK US Interest rates week end Federal Reserve and BoE expected to end hiking cycle this week despite persistent inflation

Andy Burgess, fixed income investment specialist at Insight Investment, explained that further rate hikes were looking 'increasingly unlikely'.

31.10 / 09:41

inflation Bank of England UK Interest rates British Retail Consortium Low Food price inflation drops to 15 month low

Overall shop price inflation slowed for the fifth consecutive month to 5.2%, its lowest rate since August 2022. This is likely to bring the headline Consumer Prices Index down from its current level of 6.7%.

27.10 / 17:49

Stablecoin CBDC regulation Federal Reserve Bank of England Fed, BOE officials share continuing interest in CBDCs, stablecoin regulation

The Federal Reserve Board continues to research a central bank digital currency (CBDC), or at least adjacent technologies, vice chair Michael Barr said on Oct. 27. He also touched on stablecoins at the Economics of Payments XII Conference where his English colleague Sir Jon Cunliffe made his last speech as deputy governor of the Bank of England (BOE).

27.10 / 16:09

CBDC Bank of England UK Consultations UK Residents Flag Privacy Concerns in Digital Pound Consultations: Bank of England

The Bank of England (BOE) says the majority of 50,000 feedbacks it received from the public consultation on the digital pound revolve around privacy and fiat scarcity concerns.

27.10 / 08:31

Federal Reserve Bank of England UK Currencies HM Treasury Washington DC end BoE's Jon Cunliffe: Digital pound likely needed by 'end of the decade'

Jon Cunliffe (pictured), is deputy governor of financial stability at the BAnk of England, a post he will leave at the end of October 2023 after ten years.

24.10 / 11:07

economics inflation Bank of England UK Interest rates MPC 2024 Economists forecast BoE to hold rates at 5.25% through to spring 2024

Most economists in the survey said they did not expect the Bank to cut rates until at least July next year.

24.10 / 08:35

economics Bank of England UK Interest rates ONS Unemployment Rate job vacancies 'Experimental' UK unemployment rate ticks up slightly as hiring slows

Vacancies are continuing to fall as firms put hiring on hold.

18.10 / 10:05

economics inflation Bank of England UK Macroeconomics UK inflation Office for National Statistics UK inflation remains steady at 6.7% in September

The largest downward contributor to inflation was a drop in prices in food and beverages, which fell for the first time since September 2021

17.10 / 14:33

regulation Bank of England Financial Services Credit Suisse Wealth managers Treasury BoE's Woods outlines plans to overhaul banking regulation after SVB and Credit Suisse collapses

Sam Woods, deputy governor of the BoE and head of the Prudential Regulation Authority

17.10 / 08:13

economics inflation Bank of England UK CPI Office for National Statistics job vacancies fall UK wage growth eases at 7.8% as job vacancies fall

In real terms, adjusted for inflation using the Consumer Prices Index (CPI) and including housing costs, total pay rose year-on-year between June and August by 1.3%.

16.10 / 08:07

economics inflation Bank of England UK Interest rates International Monetary Fund BoE's Andrew Bailey: 'There is an awful lot still to do' to bring inflation down to 2% - reports

Andrew Bailey (pictured) said the 'last mile' in the fight against inflation will be the toughest yet.

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