BoE
BoE holds interest rates steady at 0.25%
The Bank of England’s Monetary Policy Committee has opted to keep interest rates pegged at 0.25% and continue its quantitative-easing scheme. However, the central bank warned of a possible inflation rise and slower wage growth […]
BoE official: Lower pound softens Brexit’s effect
The rapid fall in the value of the British pound has acted as an “important shock absorber” for the economy after the UK’s vote to withdraw from the EU, said Ben Broadbent, the deputy governor […]
BoE launches corporate-bond purchases
The Bank of England is adding corporate bonds to its shopping list when it launches a series of reverse auctions Tuesday, focusing first on utilities and industries. Market participants fear expanded quantitative easing will dampen […]
BoE holds interest rates at 0.25%
The Monetary Policy Committee of the Bank of England voted unanimously Thursday to hold rates at 0.25% as August economic data were better than expected with consumer price inflation holding steady. Rates are expected to […]
BoE struggles to find leaders for digital-currency research
The Bank of England has reposted a job advertisement as it continues to search for people to lead its research into digital currencies, including the potential for a virtual central-bank currency. The situation indicates a […]
The Federal Reserve’s dilemma on Interests Rates
Any chance the Federal Reserve had of raising rates this year may have been quashed by the Bank of England, which not only cut interest rates on Thursday, but restarted its money-printing program. The decision […]
BoE cuts interest rate to a record-low 0.25%
The Bank of England has cut its key interest rate by 25 basis points to a record-low 0.25%, moving to cushion the blow of the UK’s planned withdrawal from the EU. The central bank says […]