International Finance

Tag : Bank of England


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...

Andrew Bailey at the Society of Business Economists

Andrew Bailey, Deputy Governor, Prudential Regulation and Chief Executive Office, Prudential Regulation Authority. June 17,2013 : The financial crisis has provided hard lessons on what happens when the stability of the financial system is found wanting. It has reminded us how much we depend upon the supply of critical services from banks, insurers, investment firms, asset managers and...
Business Leaders

Can Mark Carney recreate the Magic in U.K ?

Mark Carney is set to take over in July as governor of the Bank of England, which is trying to steer the UK economy through one of its most challenging and uncertain times. 21 May 2013 It’s curtains for Mervyn King, the Governor of Bank of England, who will be stepping down very soon. The...
Business Leaders

The End of King’s Reign

Sir Mervyn, put it this way in the speech “Whether in this country, the United States or Europe, there was no unsustainable boom like that seen in the 1980’s” this was a bust without a boom. Sir Mervyn Allister King blamed the recklessness of banks and a collective ‘failure of imagination’ for the huge lending...