Bank of England

Bank of England raises interest rates again, sees inflation falling

By William Schomberg and David Milliken LONDON, March 23 (Reuters) - The Bank of England raised interest rates by a further quarter of a percentage point on Thursday and said…

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Bank of England’s Mann doubles down on backing for rate hikes

By Gergely Szakacs BUDAPEST, Feb 6 (Reuters) - Bank of England rate-setter Catherine Mann on Monday backed further increases in interest rates and warned that pausing, as some of her…

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UPDATED: Bank of England raises borrowing costs to 4%, hints rates near peak

By William Schomberg and David Milliken LONDON, Feb 2 (Reuters) - The Bank of England raised interest rates for the 10th time in a row on Thursday but dropped its…

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Bank of England sets out plan to regulate cash distribution

LONDON, Dec 14 (Reuters) - The Bank of England set out plans on Wednesday to regulate more closely wholesale cash distribution (WCD) in Britain, following government concerns that cash should…

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FTX shows need to regulate crypto before it gets big, says Bank of England

LONDON, Nov 21 (Reuters) - The implosion of cryptocurrency exchange FTX shows the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe…

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Bank of England makes historic rate hike despite ‘very challenging’ outlook

LONDON, Nov 3 (Reuters) - The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989 as it warned of a "very…

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Bank of England proposes “more British style” of finance regulation

LONDON, Sept 8 (Reuters) - The Bank of England said on Thursday it would move to a "more British style of regulation" for the country's huge financial services industry as it seeks…

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Bank of England raises rates by most since 1995 even as long recession looms

LONDON, Aug 4 (Reuters) - The Bank of England raised interest rates by the most in 27 years on Thursday, despite warning that a long recession is on its way,…

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Get ready for tougher times, Bank of England tells banks

LONDON, July 20 (Reuters) - Investment banks need to prepare for tougher times ahead by properly checking the stability of their clients as a prolonged period of cheap money comes to an end, Bank…

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Bank of England tells banks to be ‘especially cautious’ with crypto

Bank of England Governor Andrew Bailey warned banks and other regulated financial firms on Monday that they should be "especially cautious" about holding volatile cryptoassets until regulators put new rules in…

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Crypto assets are helping illegal activity, BoE’s Bailey says

Bank of England Governor Andrew Bailey said that the rise of crypto assets was helping illegal activity. "I'm afraid that the advent of digital means of payment, and in particular…

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UK jobs hit record high as Bank of England weighs up rate hike

British employers increased their payrolls to a record high in September, shortly before the end of the government's wage subsidies scheme, potentially encouraging the Bank of England's progress towards a…

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BoE says ‘stablecoin’ payments need same regulation as banks

The Bank of England said on Monday that payments with 'stablecoins' - a form of crypto-currency usually pegged to a traditional currency - should be regulated in the same way…

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BoE’s Bailey hopes for ‘goodwill’ after Brexit transition ends

Bank of England Governor Andrew Bailey said he hoped a spirit of goodwill would prevail between Britain and European Union countries to smooth over inevitable trade disruptions when a post-Brexit…

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Bank of England to temporarily finance UK government spending

The Bank of England has agreed temporarily to finance government borrowing in response to COVID-19 if funds cannot immediately be raised from debt markets, reviving a measure last used to…

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New £20 note enters circulation in the UK

The new polymer £20 note is going to start appearing in ATMs and tills from today as it enters circulation. It features the artist JMW Turner - who became renowned…

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Bank of England split on rates as it warns Brexit deal would hit growth

The Bank of England has warned that weak global growth and trade barriers created by the government's Brexit deal will hit the UK economy. It came as two Bank policymakers…

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UK will not appoint new BoE chief before December 12 election

Britain’s government will not name a successor to Bank of England Governor Mark Carney before a national election due on Dec. 12, a finance ministry official said. Earlier on Thursday,…

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BoE’s Carney warns of bankruptcy for firms that ignore climate change

Businesses that fail to adapt to climate change will go bust, warned Bank of England Governor Mark Carney. “Companies that don’t adapt - including companies in the financial system -…

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BOE believes British banks can cope with no-deal Brexit

British banks hold enough capital to cope with a simultaneous disorderly no-deal Brexit and global trade war, the Bank of England said on Thursday as part of its half-yearly assessment…

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Bank of England Governor wants clarity on Brexit, 150,000 UK firms not fully ready for no-deal

Mark Carney, the Governor of the Bank of England, has said that a no-deal Brexit should be a choice taken with “absolute clarity” about what it would mean for Britain’s…

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Bank of England Governor Carney considered a possible successor to Canada’s Trudeau

The Toronto Star reports that officials of Canada’s ruling Liberal Party are looking at Bank of England Governor Mark Carney as a possible successor to its current leader Prime…

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Facebook plans to launch its own cryptocurrency

Facebook is planning to launch its own cryptocurrency, dubbed GlobalCoin, in early 2020, allowing users to make digital payments in a dozen countries. GlobalCoin would enable Facebook’s 2.4 billion monthly…

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