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Bank of England News
Bank of England
UK computer pioneer Alan Turing face of 50 pound note
Mon, Jul 15, 2019
British computer pioneer and codebreaker Alan Turing will feature on the new design of the Bank of England`s 50 pound note, it was revealed on Monday. He is celebrated for his code-cracking work that proved vital to the Allies in World War Two, the BBC reported.
UK economy may need more help as trade war, Brexit risks grow: BoE Governor Mark Carney
Wed, Jul 03, 2019
Bank of England Governor Mark Carney said a global trade war and a no-deal Brexit were growing risks to Britain`s economy which might need more help to cope with a downturn, prompting investors to increase their bets on a BoE interest rate cut.
Bank of England calls for ''super shield'' against cyber attacks
Tue, May 14, 2019
Britain may need to copy the United States in building a "super shield" against catastrophic cyber attacks or major IT glitches that could cripple the finance industry, a senior Bank of England official said on Tuesday.
Bank of England sees weakest UK outlook since 2009 on Brexit, global slowdown
Thu, Feb 07, 2019
The Bank of England said Britain faces its weakest economic growth in a decade this year as uncertainty over Brexit mounts and the global economy slows, but stuck to its message that interest rates will rise if an EU divorce deal is done.
Proud moment! India's Jagadish Chandra Bose may be new face of UK's 50-pound note
Tue, Nov 27, 2018
Sir Jagadish Chandra Bose is one of the scientists nominated in the first stage of the Bank of England's search for the face to feature on the new currency to go into print from 2020.
UK campaign for British Indian WWII spy to be face of new 50-pound note
Thu, Oct 18, 2018
A campaign for British Indian World War II spy Noor Inayat Khan to be featured on a redesigned 50-pound currency note is gaining momentum in the UK.
Bank of England to keep rates steady after market U-turn
Sun, May 06, 2018
Unexpectedly weak economic data and cautious remarks from Governor Mark Carney have dashed what looked like near-certain expectations of a rate increase until a few weeks ago. Since he joined the BoE in 2013, Carney has signalled several times that rates were likely to rise, only for economic data to go the wrong way
Banks push back Bank of England rate forecasts after growth data shock
Mon, Apr 30, 2018
Banks have pushed out their predictions for when the Bank of England will raise interest rates after data last week showed a sharp and unexpected slowdown in Britain`s economic growth.
Raghuram Rajan could be next Bank of England Governor
Tue, Apr 24, 2018
Raghuram Rajan has been listed as one of the possible contenders for a top job at the Bank of England
Indian rupee vs US dollar: Here's what will happen ahead of elections
Mon, Apr 16, 2018
The US economy continues to be supported by a synchronised global recovery, fiscal expansion, tax reform and the prospect of increased business investment, all supportive of growth. While the tit-for-tat tariffs excite market volatility, the recent North Korean preference for de-nuclearisation and talks helped reduce it
BoE to allow EU banks to operate in UK as normal after Brexit: BBC
Wed, Dec 20, 2017
The Bank of England will allow European banks to continue selling their services in the United Kingdom without having to create expensive subsidiaries after Brexit, even if no divorce deal is struck between London and Brussels, the BBC reported.
Bitcoin not big enough to threaten world economy, says BoE deputy
Wed, Nov 29, 2017
The cryptocurrency has climbed 10-fold so far this year, the largest gain of all asset classes and prompting sceptics to warn it is a classic speculative bubble.
Gold hits three-week low; Fed rate hike outlook weighs
Thu, Sep 21, 2017
Spot gold was down 0.2% at $1,298.61 an ounce at 0054 GMT, after earlier dropping to lowest since late August at $1295.65.
Global markets: Dollar's decline, China optimism boost Asia stocks, commodities
Wed, Jul 19, 2017
"Globally, financial conditions tend to improve when the dollar is weak and vice versa," they added. "The falling dollar – still the globe`s major reserve and funding currency – tends to see risk appetite flourishing."
Sensex, Nifty open flat as investors remain cautious ahead of US Fed announcements
Wed, Mar 15, 2017
On global front, Asian equities opened slightly lower, as investors stayed cautious awaiting the outcome of several central bank meetings later on Wednesday, as reported by Reuters.
Asian stocks ease, cautious ahead of central bank announcements
Wed, Mar 15, 2017
Japan`s benchmark Nikkei average opened down 0.52% while the broader Topix edged 0.41% lower.
RBS posts ninth straight annual loss on 'sins of the past'
Sat, Feb 25, 2017
"This is a strong core bank getting masked by all the sins of the past," Chief Executive Ross McEwan said on a conference call with reporters.
Inflation in Britain highest since 2014: ONS
Wed, Feb 15, 2017
The latest ONS data showed on Tuesday that annual level of inflation as measured by the Consumer Prices Index (CPI) hit 1.8% last month, compared to 1.6% in December, making the first month of this year the fourth consecutive month that the CPI rate has risen.
Number of UK workers edges down again, but pay growth picks up pace
Wed, Jan 18, 2017
The number of people in work in Britain fell for a second time in a row in the three months to November, official data showed on Wednesday, a latest suggestion that the Brexit vote may be making employers nervous about hiring.
Fitch affirms British debt rating, outlook negative
Sat, Dec 10, 2016
The Fitch ratings agency on Friday affirmed the AA long-term debt rating and negative outlook for the United Kingdom (UK) and the Bank of England (BoE), when they have been since June.