The Bank of England (BoE) is expecting that
some “monetary policy easing will likely be required over the summer” as the
“economic outlook has deteriorated” on the back of the UK voting to leave the
EU, the BoE governor Mark ...
A further deterioration in investor appetite for UK assets,
together with a potential rise in the number of vulnerable households and
increased fragility in financial markets are among the main risks that the
Financial Policy Committee of the Bank of ...
In a surprise move the Bank of England’s Monetary Policy
Committee overwhelmingly voted to maintain bank rates at 0.5% Thursday,
although it said it expects to take some stimulus measures in August.
At its meeting ending July 13, the MPC voted ...
The Bank of England (BoE) will not ease interest rates just
to appease the expectations of the market or to reassure consumers and
businesses following the Brexit vote, warned Martin Wheale, an external member of the Monetary Policy
Committee (MPC) ...
The past year has seen “significant progress” in the implementation of the Fair and Effective Markets Review (FEMR) recommendations; however, “the job is far from being done” as a “lack of trust in financial markets” remains and the focus is ...
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted unanimously in favour of a 25 basis point cut in Bank Rate to 0.25%.
It also voted for a new Term Funding Scheme to reinforce the pass-through cut in Bank ...
Expect further rate cuts from the Bank of England (BoE) as Governor Mark Carney shows that he is willing to let sterling continue depreciating, say analysts.
“The package of stimulus announced by the Bank of England has prompted a significant ...
The Bank of England has announced that its deputy governor for markets and banking, Minouche Shafik, will leave at the end of February 2017.
She is leaving to take up the post of director at the London Schools of Economics, having joined the bank in 2014 from the IMF.
“We will say farewell to Minouche with gratitude and regret,” says Bank of England governor Mark Carney. “She helped drive vital reforms on the domestic and international stages, perhaps most prominently in the successful completion of the Fair and Effective Markets Review
The Bank of England’s (BoE) Monetary Policy Committee (MPC) has voted unanimously to maintain the measures it introduced in its Brexit-induced stimulus package announced in August.
This means that it will hold the Bank Rate at 0.25% and continue with the programme of sterling non-financial investment-grade corporate bond purchases totalling up to £10 billion, financed by the issuance of central bank reserves.
The MPC also voted unanimously to continue with the programme of £60 billion of UK government bond purchases to take the total stock of these purchases to £435 billion, financed by the issuance of central bank reserves.