Sep 28, 2017 02:20 PM IST
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.
- Sep 18, 2017 01:46 PM IST
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.
- Sep 15, 2017 03:27 PM IST
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.
- Aug 09, 2017 07:45 AM IST
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.
- Aug 03, 2017 07:45 AM IST
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.
- Jul 19, 2017 02:49 PM IST
The novelist will be the second woman after the Queen to be featured on an English bank note.
- Mar 16, 2017 10:47 PM IST
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
- Feb 17, 2017 12:34 PM IST
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.
- Feb 03, 2017 07:58 AM IST
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.
- Feb 02, 2017 08:41 PM IST
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.
- Jan 27, 2017 09:36 PM IST
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.
- Jan 21, 2017 11:04 AM IST
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
- Jan 04, 2017 05:27 PM IST
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.
- Dec 14, 2016 01:50 PM IST
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".
- Dec 02, 2016 09:44 PM IST
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.
- Nov 30, 2016 01:45 PM IST
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).
- Nov 30, 2016 01:39 PM IST
The pan-European Stoxx 600 opened 0.13 percent lower with most stocks moving south.
- Nov 18, 2016 03:19 PM IST
"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.
- Nov 16, 2016 07:48 AM IST
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.
- Nov 04, 2016 07:46 AM IST
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.
- Nov 03, 2016 08:22 PM IST
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.
- Nov 03, 2016 01:35 PM IST
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.
- Nov 01, 2016 10:34 PM IST
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.
- Nov 01, 2016 07:40 AM IST
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.
- Oct 30, 2016 07:31 PM IST
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.