The Bank of England’s approach to the authorisation and supervision of financial bodies
The approach is the presumption that there will continue to be a high degree of supervisory cooperation between the UK and the EU...
Tag : Bank of England
Consumer spending still being squeezed as Christmas approaches
The 2.2 per cent earnings growth in the three months to September still leaves UK households wages falling in real terms...
Bank of England executive admits misjudging Brexit impact
Says bank did not anticipate resilience of consumer spending...
Bank of England keeps interest rate unchanged
Makes no change to its bond buying programme...
Bank of England governor to continue till 2019
Mike Carney to stay till Brexit negotiations get over IFM Correspondent November 1, 2016: Bank of England governor Mike Carney has ended days of speculation by announcing that he will step down in June 2019, still two years short of a full term. He said he recognises the importance ‘to the country of continuity during...
Payments Council confirms its role as consultation is announced on Authentication of Bank notes
Strategic Cash Group’s desire to establish a new Code of Conduct for recycled bank notes....
BOE keeps rates unchanged
Move surprises many; however, cuts may take place in August IFM Correspondent July 15, 2016: In a move that has surprised many, Bank of England (BoE) has kept interest rates unchanged, despite widespread expectations that it was going to cut its benchmark rate in the wake of a June vote in the UK to leave...
Post-Brexit, BoE may cut interest rate
Move aimed at boosting the economy IFM Correspondent July 11, 2016: In order to provide a fillip to the economy post-Brexit, the Bank of England (BoE) is expected to cut interest rates to new historic lows on Thursday. Though a slowdown post-Brexit was more or less predicted, the bank may decide to take some measures...
Differences at Bank of England
BoE governor has presided over his first split vote. However, the two members who voted for a rate rise are unlikely to be joined by others for a while yet. August 21, 2014: The minutes of the Bank of England monetary policy meeting on August 6-7 showed that the committee voted 7-2 in favour of keeping Bank...
UK output finally exceeds pre-recession levels
ING believes that BoE will end up tightening monetary policy sooner rather than later July 25, 2014: UK 2Q14 GDP growth has come in at 0.8%QoQ or 3.1% YoY, in line with market expectations. This is the fastest rate of annual GDP growth since 4Q 2007 and means that the UK economy has finally regained...