Economy FeaturedWill a hike in interest rates reduce inflation?IFM CorrespondentAugust 18, 2022August 19, 2022 by IFM CorrespondentAugust 18, 2022August 19, 2022 On August 4, Bank of England announced a 0.5 percentage point rate hike, the biggest in more than a quarter of a century.... Read more
Economy FeaturedGlobal inflation reaching its climax soonIFM CorrespondentAugust 17, 2022August 17, 2022 by IFM CorrespondentAugust 17, 2022August 17, 2022 According to US central bank officials, the second half of the year will witness a slowdown in Global inflation.... Read more
Currency FeaturedBank of England names reps from Asos, PayPal and Spotify in CBDC forumIFM CorrespondentSeptember 30, 2021 by IFM CorrespondentSeptember 30, 2021 The BoE forum will explore the practicalities of designing, rolling out and operating a CBDC... Read more
Banking FeaturedInterest rate cut below zero could support UK’s recovery: BoEInternational Finance Business DeskJanuary 12, 2021 by International Finance Business DeskJanuary 12, 2021 A policymaker states that pushing the interest rate would be good for growth... Read more
Banking FeaturedBritish banks prepare for negative interest ratesInternational Finance Business DeskNovember 17, 2020 by International Finance Business DeskNovember 17, 2020 For now, the the central bank has avoided falling into negative interest rates; former governor urges people to stash money at home... Read more
BankingBoE expects slower economy on the back of protracted pandemicInternational Finance Business DeskAugust 6, 2020August 6, 2020 by International Finance Business DeskAugust 6, 2020August 6, 2020 In May, the Bank of England had anticipated the country to get back to its pre-crisis size during the second half of 2021... Read more
Banking FintechBoE announces new £100 bn stimulus package for the UKInternational Finance Business DeskJune 19, 2020 by International Finance Business DeskJune 19, 2020 Threadneedle Street’s nine-member monetary policy committee has raised concerns that jobs could be more intense in retailing and hospitality... Read more
Banking FeaturedUK banks demonstrate financial strength to cope with Covid-19: BOEInternational Finance Business DeskMay 8, 2020May 8, 2020 by International Finance Business DeskMay 8, 2020May 8, 2020 The central bank observed that the UK is facing its harshest recession in 300 years... Read more
Banking FeaturedUK banks expect rise in demand for credit card borrowingInternational FinanceJanuary 17, 2020March 18, 2020 by International FinanceJanuary 17, 2020March 18, 2020 The Bank of England predicts credit card borrowing by households will increase by 14.3 percent over next three month... Read more
EconomyBritain’s economic risks have ‘intensified’, BOE economist saysInternational Finance DeskJune 12, 2019 by International Finance DeskJune 12, 2019 Economist Gertjan Vlieghe said that the British economy would accelerate in the absence of trade tensions and Brexit uncertainty... Read more