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A senior official for the Bank said the measures would "again play [their] part in mitigating the impact" of Greece or other countries leaving the single currency. The comments come after the head of the IMF suggested last week that British interest rates ...
May 29, 2012 at 05:36 | Source: Daily Telegraph
LONDON (AP) -- The Bank of England has trimmed its growth forecast for the U.K. economy and warned that inflation will remain above target for another year — assuming the country isn't knocked off course by turmoil in the eurozone. In its ...
May 29, 2012 at 05:57 | Source: Yahoo Finance
Chancellor of the Exchequer George Osborne’s scope to reshape the Bank of England just got wider as the departure of policy maker Adam Posen lengthens the list of key staff to appoint as he also redesigns the institution. Posen, 45, will leave ...
May 20, 2012 at 23:12 | Source: Bloomberg
Mervyn King has been forced to accept a probe into the Bank of England’s handling of the credit crisis. The Court of the Bank of England has commissioned three independent reviews to ensure the Bank has the capability to deal with future ...
May 23, 2012 at 09:47 | Source: Citywire.co.uk
The Bank of England's executive director has raised the prospect of official intervention against free banking in an effort to clamp down on mis-selling of financial products. Andrew Bailey also highlighted the debate about the speed at which ...
May 23, 2012 at 23:23 | Source: The Guardian
Savers approaching retirement should heed a veiled warning in a speech by the Deputy Governor of the Bank of England, pensions experts and economists claim. Charlie Bean defended quantitative easing (QE) – the Bank’s policy of buying gilts ...
May 23, 2012 at 23:58 | Source: Daily Telegraph Blogs
LONDON -- UK Prime Minister David Cameron is due to hold a meeting to discuss the eurozone crisis with Bank of England Governor Mervyn King and Chancellor of the Exchequer George Osborne on Monday, a Downing Street spokeswoman said. Officials from the ...
May 28, 2012 at 13:37 | Source: myfoxny.com
The Bank of England may unleash another cut in interest rates or another bout of quantative easing should the eurozone deteriorate. New comments from a Bank of England senior official follow calls from the International Monetary Fund for British interest ...
May 29, 2012 at 14:26 | Source: money.aol.co.uk
The Bank of England has slashed its growth forecasts for the next two years and warned inflation will not fall as quickly as hoped, blaming the ongoing threat posed by the eurozone crisis. Bank of England governor Sir Mervyn King said there is ...
May 16, 2012 at 20:46 | Source: Sky.com
The Peterson Institute for International Economics on Friday named Adam Posen, an outspoken policymaker at the Bank of England, as its new director. Posen, an American economist and vocal proponent of aggressive central bank action to boost ...
May 18, 2012 at 14:03 | Source: Wall Street Journal