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  • BoE can't be expected to nullify Brexit hit to economy: Mark Carney Sep 28, 2017 02:20 PM IST

    BoE can't be expected to nullify Brexit hit to economy: Mark Carney

    Hosting an event celebrating the 20th anniversary of the BoE's independence from government, Carney said Britain's economic prosperity would hinge on the final arrangements for its divorce with the European Union, as well as the government's fiscal policies.

  • HSBC says sees two UK interest rate hikes by end-2018 Sep 18, 2017 01:46 PM IST

    HSBC says sees two UK interest rate hikes by end-2018

    The bank said it expected rates to be lifted by 25 basis points in November and then again in May 2018, taking Britain's benchmark interest rate to 0.75 percent.

  • Bank of England dove says rates might need to rise in coming months Sep 15, 2017 03:27 PM IST

    Bank of England dove says rates might need to rise in coming months

    The comments from Gertjan Vlieghe on Friday came a day after the BoE said a majority of its nine policymakers believed a rate hike in the coming months was likely, if inflation pressure continued to build in the economy.

  • Bank of England says Brexit transition desirable for UK, EU banks Aug 09, 2017 07:45 AM IST

    Bank of England says Brexit transition desirable for UK, EU banks

    With UK due to leave the bloc in March 2019, the BoE's Prudential Regulation Authority (PRA) said it faces heavy demands from Brexit fallout on banks and insurers.

  • Bank of England set to stay on hold as Brexit risks loom Aug 03, 2017 07:45 AM IST

    Bank of England set to stay on hold as Brexit risks loom

    When they last met in June, Governor Mark Carney and his fellow rate-setters voted by a narrow 5-3 margin to keep Bank Rate at 0.25 percent.

  • Only pride, no prejudice: Jane Austen is the face of England's new 10 pound note Jul 19, 2017 02:49 PM IST

    Only pride, no prejudice: Jane Austen is the face of England's new 10 pound note

    The novelist will be the second woman after the Queen to be featured on an English bank note.

  • Bank of England's Forbes votes for rate hike, others may follow soon Mar 16, 2017 10:47 PM IST

    Bank of England's Forbes votes for rate hike, others may follow soon

    The sterling jumped a full cent against the U.S. dollar to hit its highest level since March 1 on the news that more MPC members might vote for a rate hike soon

  • No major impact on Indian banks in UK post-Brexit:SBI UK chief Feb 17, 2017 12:34 PM IST

    No major impact on Indian banks in UK post-Brexit:SBI UK chief

    There will be no major impact on Indian banking operations in the UK post-Brexit and the British capital will continue to be the global "financial hub", according to the UK chief of State Bank of India.

  • Market may pause after Budget rally; BSE to list today Feb 03, 2017 07:58 AM IST

    Market may pause after Budget rally; BSE to list today

    Indian equities are likely to start off on a soft note today taking a breather from the two-day post-Budget rally which led the Sensex closing at a 4-month high Thursday. Indicator SGX Nifty was up 19 points at 8753.50.

  • Bank of England upbeat on growth, inflation worries rate-setters Feb 02, 2017 08:41 PM IST

    Bank of England upbeat on growth, inflation worries rate-setters

    The Bank of England boosted its forecast for British growth in 2017 and some rate-setters were more nervous about rising inflation, but the Bank overall seemed in no rush to raise interest rates as the economy adjusts to the prospect of Brexit.

  • Bank of England to sit tight as Brexit cross-winds blow Jan 27, 2017 09:36 PM IST

    Bank of England to sit tight as Brexit cross-winds blow

    Carney and his fellow policymakers are likely to stick to their neutral stance on whether to cut or raise interest rates in future, due to the scale of uncertainty about the impact of last year's referendum decision to leave the European Union.

  • Week Ahead: Donald Trump to get first sign of US economic health Jan 21, 2017 11:04 AM IST

    Week Ahead: Donald Trump to get first sign of US economic health

    US President to get a first read-out on the health of the US economy; data already shows that the economy is clipping along at a healthy rate even before the President's promised tax cuts and infrastructure spending

  • UK consumer credit growth hits fresh 11-year high - BoE Jan 04, 2017 05:27 PM IST

    UK consumer credit growth hits fresh 11-year high - BoE

    British consumer borrowing picked up pace to grow at its fastest rate in more than 11 years in November, and the mortgage market retained solid momentum, Bank of England figures showed on Wednesday.

  • No regulatory obstacles for NRIs depositing banned notes: Bank Dec 14, 2016 01:50 PM IST

    No regulatory obstacles for NRIs depositing banned notes: Bank

    The banking authority's chief stressed the issue was a matter for the Indian government, who must give consent for such action to ease the "potential ramifications for British Indians and Non-Resident Indians in UK".

  • Bank of England's Haldane warns against hasty rate hike Dec 02, 2016 09:44 PM IST

    Bank of England's Haldane warns against hasty rate hike

    The Bank of England's chief economist, Andrew Haldane, said on Friday it would be risky to raise interest rates too hastily and that he was comfortable with the BoE's recent shift to a neutral stance on what its next monetary policy move should be.

  • RBS fails Bank of England stress test, must bolster capital Nov 30, 2016 01:45 PM IST

    RBS fails Bank of England stress test, must bolster capital

    The state-backed lender rushed out a statement following the announcement to say it would take a range of actions, including selling off bad loans and cutting costs to make up the capital shortfall identified by the tests of around 2 billion pounds (USD 2.49 billion).

  • European bourses open mixed; OPEC deal on the radar Nov 30, 2016 01:39 PM IST

    European bourses open mixed; OPEC deal on the radar

    The pan-European Stoxx 600 opened 0.13 percent lower with most stocks moving south.

  • Inflation pressure limits BoE response to jobless rise:Broadbent Nov 18, 2016 03:19 PM IST

    Inflation pressure limits BoE response to jobless rise:Broadbent

    "The MPC (Monetary Policy Committee) would be less inclined to accommodate above-target inflation if it didn‘t also expect demand to fall slightly short of that supply potential," Broadbent said in a speech to the Society of Business Economists in London.

  • BoE boss warns of rising inflation on Brexit-hit pound Nov 16, 2016 07:48 AM IST

    BoE boss warns of rising inflation on Brexit-hit pound

    Carney, addressing lawmakers on the influential Treasury Select Committee, cautioned that "inflation is going up (and) that's a consequence of a very large move" in the exchange rate.

  • Bank of England maintains rates, revises up growth forecasts Nov 04, 2016 07:46 AM IST

    Bank of England maintains rates, revises up growth forecasts

    Conceding that its earlier predictions over the immediate impact on growth stemming from the Brexit vote were too gloomy, the bank's policymaking Monetary Policy Committee decided today to keep its main interest rate at a record low 0.25 per cent.

  • Pound's fall crucial for inflation than strong economy: BoE Gov Nov 03, 2016 08:22 PM IST

    Pound's fall crucial for inflation than strong economy: BoE Gov

    Carney also said Britain's relationship with the European Union will be the biggest driver of its prosperity in the medium term, and that the fall in sterling appeared to reflect market expectations of a less open trading relationship with the EU.

  • European stocks open lower on US election Nov 03, 2016 01:35 PM IST

    European stocks open lower on US election

    On the earnings front, Vonovia, the German real estate company, presented a rise in its key profit metric of 8 percent in the first nine months of 2016.

  • UK factories keep up growth, inflation pressure builds: PMI Nov 01, 2016 10:34 PM IST

    UK factories keep up growth, inflation pressure builds: PMI

    The Markit/CIPS Purchasing Managers' Index (PMI) slowed slightly to 54.3 from an upwardly revised 55.5 in September, which was its highest level in more than two years.

  • Bank of England boss Mark Carney to stay until 2019 Nov 01, 2016 07:40 AM IST

    Bank of England boss Mark Carney to stay until 2019

    The Canadian will not take up his option to leave in 2018, but has declined to serve the full eight-year term that would have seen him stay on at the central bank until 2021.

  • Bank of England's Mark Carney likely to leave in 2018: Report Oct 30, 2016 07:31 PM IST

    Bank of England's Mark Carney likely to leave in 2018: Report

    Carney has said publicly that he will decide before the end of the year whether to stay beyond the five-year term he committed to when he joined the BoE in July 2013. He is due to hold a quarterly news conference on Thursday.

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