Sep 23, 2021 04:52 PM IST
The BoE's said in a statement that policymakers voted to hold its key borrowing cost at 0.1 percent and maintained its stimulus at almost £900 billion ($1.2 trillion, 1.0 trillion euros).
- May 12, 2021 10:24 PM IST
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.
- May 06, 2021 06:12 PM IST
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).
- Apr 13, 2021 10:44 PM IST
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.
- Mar 26, 2021 01:47 PM IST
Alan Turing's work provided a theoretical basis for modern computer science and artificial intelligence.
- Dec 11, 2020 04:04 PM IST
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.
- Nov 06, 2020 07:00 PM IST
"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.
- Nov 06, 2020 05:16 PM IST
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.
- Nov 05, 2020 07:47 PM IST
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.
- Nov 05, 2020 04:35 PM IST
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.
- Sep 17, 2020 08:00 PM IST
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.
- Jul 16, 2020 10:31 PM IST
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.
- Jul 02, 2020 10:34 PM IST
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.
- Jun 18, 2020 06:25 PM IST
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.
- Jun 10, 2020 04:40 PM IST
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.
- Jun 03, 2020 07:15 PM IST
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.
- May 20, 2020 07:37 PM IST
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.
- May 19, 2020 12:38 PM IST
"The (Monetary Policy Committee) has not ruled out any policy tool," interest rate-setter Tenreyro told a London School of Economics webinar.
- May 17, 2020 08:46 AM IST
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.
- May 07, 2020 12:20 PM IST
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).
- May 04, 2020 06:59 PM IST
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.
- Apr 21, 2020 07:10 PM IST
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.
- Mar 11, 2020 12:49 PM IST
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.
- Jan 30, 2020 08:15 AM IST
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.
- Dec 20, 2019 10:25 AM IST
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.