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  • Forex reserves surge by $32.29 billion in six months: RBI May 12, 2021 10:24 PM IST

    Forex reserves surge by $32.29 billion in six months: RBI

    Foreign currency assets (FCA), a major component of the overall reserves, increased to $536.693 billion as at March-end 2021 from $502.162 billion.

  • Bank of England slows bond-buying, raises 2021 growth forecast May 06, 2021 06:12 PM IST

    Bank of England slows bond-buying, raises 2021 growth forecast

    The BoE kept its benchmark interest rate at an all-time low of 0.1% and the size of its bond-buying programme unchanged at 895 billion pounds ($1.24 trillion).

  • Bank of England's outspoken, inflation-wary chief economist Andy Haldane to quit Apr 13, 2021 10:44 PM IST

    Bank of England's outspoken, inflation-wary chief economist Andy Haldane to quit

    Haldane has been the most upbeat member of the BoE’s Monetary Policy Committee about the chance of a sharp economic recovery from the COVID pandemic, and in February he warned that an inflationary “tiger” might be stirring.

  • Britain unveils 50 pound note honoring Alan Turing, famed code breaker Mar 26, 2021 01:47 PM IST

    Britain unveils 50 pound note honoring Alan Turing, famed code breaker

    Alan Turing's work provided a theoretical basis for modern computer science and artificial intelligence.

  • Bank of England warns of post-Brexit financial services disruption Dec 11, 2020 04:04 PM IST

    Bank of England warns of post-Brexit financial services disruption

    The news came after British Prime Minister Boris Johnson warned Britain could crash out of the European Union without a trade deal after top-level talks floundered in Brussels.

  • Bank of England sees 9 million people on furlough scheme: Deputy Governor Broadbent Nov 06, 2020 07:00 PM IST

    Bank of England sees 9 million people on furlough scheme: Deputy Governor Broadbent

    "We think that there will again be many millions of employees placed on furlough ... in November, and over the following few months," Broadbent said in a presentation organised by regional agents of the central bank.

  • Analysis: Bond markets should brace for tighter central bank squeeze Nov 06, 2020 05:16 PM IST

    Analysis: Bond markets should brace for tighter central bank squeeze

    The aggressive moves build on this year's accelerated stimulus from central banks, which are battling the COVID-19 shock and uncertainties ranging from Brexit to doubts over the scale of government spending.

  • UK extends wage support scheme until March amid new lockdown Nov 05, 2020 07:47 PM IST

    UK extends wage support scheme until March amid new lockdown

    The extension to the salary support program follows the government’s decision last week to reinstate it at least until December 2, when the lockdown in England is due to end.

  • Bank of England deploys 150 billion pounds stimulus as coronavirus lockdown begins Nov 05, 2020 04:35 PM IST

    Bank of England deploys 150 billion pounds stimulus as coronavirus lockdown begins

    The increase in the bond-buying program was bigger than the 100 billion pounds anticipated in financial markets and is aimed at keeping borrowing rates low to boost lending and ensuring that money keeps flowing through the financial system.

  • Bank of England says economic outlook 'unusually uncertain' Sep 17, 2020 08:00 PM IST

    Bank of England says economic outlook 'unusually uncertain'

    Though the committee noted that recent domestic economic indicators have been a little stronger than expected at the time of its last policymaking meeting in early August, it said it is unclear how informative the recent news is about the future given the risks.

  • Cresting 'first wave' of stimulus may be next hurdle for world markets Jul 16, 2020 10:31 PM IST

    Cresting 'first wave' of stimulus may be next hurdle for world markets

    The US Federal Reserve, European Central Bank, Bank of England, and Bank of Japan joined others in March with a wave of stimulus to stem damage from the coronavirus pandemic.

  • British judge denies Nicolás Maduro Venezuela’s gold in London bank Jul 02, 2020 10:34 PM IST

    British judge denies Nicolás Maduro Venezuela’s gold in London bank

    Maduro has demanded the gold to help his cash-starved nation fight the coronavirus pandemic. But the central bank for the United Kingdom, whose government recognizes Venezuelan opposition politician Juan Guaidó as his country’s legitimate leader, had refused to hand it over to Maduro’s administration.

  • Bank of England adds 100 billion pounds to stimulus war-chest but slows bond-buying Jun 18, 2020 06:25 PM IST

    Bank of England adds 100 billion pounds to stimulus war-chest but slows bond-buying

    The BoE kept its key interest rate at 0.1 percent and there was no discussion in the policymakers' minutes of taking it below zero - an option that Governor Andrew Bailey and other officials have said is possible in the future.

  • Bank of England ready to replenish its COVID-19 warchest Jun 10, 2020 04:40 PM IST

    Bank of England ready to replenish its COVID-19 warchest

    The BoE slashed interest rates to an all-time low of 0.1% in March as the country went into lockdown, but it says it needs time to weigh up the risks of going below zero like some other central banks.

  • Bank of England tells banks to be ready for no-deal Brexit Jun 03, 2020 07:15 PM IST

    Bank of England tells banks to be ready for no-deal Brexit

    BoE Governor Andrew Bailey held a conference call on Tuesday with Britain's biggest banks in which he emphasised the need to step up their plans for a no-deal Brexit, Sky News reported earlier on Wednesday.

  • Britain borrows at negative interest rate for first time May 20, 2020 07:37 PM IST

    Britain borrows at negative interest rate for first time

    It joins Japan, Germany and some other European countries in selling debt yielding less than 0 percent, reflecting the prospect the coronavirus pandemic will cause a severe global recession and bond-buying by central banks to mitigate its impact.

  • Bank of England not ruling out negative rates in future: Silvana Tenreyro May 19, 2020 12:38 PM IST

    Bank of England not ruling out negative rates in future: Silvana Tenreyro

    "The (Monetary Policy Committee) has not ruled out any policy tool," interest rate-setter Tenreyro told a London School of Economics webinar.

  • BoE looking more urgently at negative rates, riskier assets - Haldane May 17, 2020 08:46 AM IST

    BoE looking more urgently at negative rates, riskier assets - Haldane

    The Telegraph newspaper said the economist, Andy Haldane, refused to rule out the possibility of taking interest rates below zero and buying lower-quality financial assets under the central bank's bond-buying programme.

  • Bank of England holds off on fresh stimulus, sees worst slump in 300 years May 07, 2020 12:20 PM IST

    Bank of England holds off on fresh stimulus, sees worst slump in 300 years

    The BoE said it's Monetary Policy Committee kept Bank Rate at its all-time low of 0.1% and left its target for bond-buying, most of it British government debt, at 645 billion pounds ($797 billion).

  • Central banks' pandemic battle could stretch into an infinity war May 04, 2020 06:59 PM IST

    Central banks' pandemic battle could stretch into an infinity war

    In the extreme case that a recurring virus requires further damaging lockdowns, the US Federal Reserve and its peers float the whole boat -- government debt, corporate debt, perhaps even financing for mortgages and paychecks.

  • The half a trillion dollar British money transfusion that may not be enough Apr 21, 2020 07:10 PM IST

    The half a trillion dollar British money transfusion that may not be enough

    The plight of the brand and product designer is just one example of how the coronavirus pandemic has pushed small British companies to the brink, with business leaders and owners warning government support may be too complex for some to survive.

  • Bank of England cuts rates by 50 bps to 0.25% from 0.75% Mar 11, 2020 12:49 PM IST

    Bank of England cuts rates by 50 bps to 0.25% from 0.75%

    Members of the BoE's Monetary Policy Committee voted to cut Bank Rate for the first time since August 2016, to 0.25% from 0.75%, the central bank said in a statement.

  • Bank of England rate cut hangs in balance at Mark Carney's last policy meeting Jan 30, 2020 08:15 AM IST

    Bank of England rate cut hangs in balance at Mark Carney's last policy meeting

    The British central bank will assess the economy's near standstill in late 2019, against early signs that Prime Minister Boris Johnson's emphatic victory in December's election has boosted confidence, at least for now.

  • Time for RBI to simplify its reports and research Jan 02, 2020 01:51 PM IST

    Time for RBI to simplify its reports and research

    From use of more visuals to videos and blogs, India’s central bank can better explain seemingly complex ideas to a wider audience. Its peers have shown the way

  • Andrew Bailey selected as next Bank of England chief Dec 20, 2019 10:25 AM IST

    Andrew Bailey selected as next Bank of England chief

    The Financial Times and other newspapers said on Thursday that Bailey, the head of the Financial Conduct Authority regulator and former deputy of the BoE between 2013 and 2016, would replace Mark Carney.

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