bank of england
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BoE’s Andrew Bailey says crypto has ‘all the potential’ to threaten financial stability
Bank of England Governor Andrew Bailey said that the rapid growth of cryptocurrencies means that they could threaten the world’s…
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Bank of England bosses say banks don’t need to worry about Britcoin
Concerns raised by UK banks about the impact of a central bank digital currency on their business models are partially unfounded,…
Read More » - Banking
Schroders predicts rate hikes in December and February
Schroders senior European economist Azad Zangana said today (18 November) that the BoE will increase rates to 0.25% on 16…
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Deep Dive: There are many factors to consider in UK equities
We have been arguing for some time that inflationary pressures were unlikely to be short-lived, partly due to the difficulty…
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‘Families struggle to afford bills but only one blind to crisis is Chancellor’
Higher fuel costs and food prices are set to make lives tougher for many in the UK – if only…
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Bank of England ‘showdown’ on inflation imminent
According to data from the Office for National Statistics (ONS), the annual rate of consumer price index rose to 4.2%…
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The Bank and the City are at war on inflation: why, and who is right?
Physically they are in the same space, and they engage in the same business – stuff to do with money,…
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Cost of living blow as prices surge
The Consumer Prices Index — the headline measure of inflation — jumped from 3.1 per cent to 4.2 per cent…
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UK inflation reaches highest level in a decade at 4.2%
While CPI overshot market expectations of 3.9%, inflation outstripped the consensus across core CPI (which excludes energy, food, alcohol and…
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FTSE 100 Live: Inflation surges to 4.2%, Bank under pressure to raise rates
Reaction to jump in inflation Robert Alster, CIO at wealth manager Close Brothers Asset Management, said: “UK-wide supply issues have…
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Inflation soars putting pressure on the Bank of England to shove up rates
I NFLATION soared in the last month, putting further strain on family finances and making an increase in interest rates…
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FCA confirms use of synthetic LIBOR for six settings with little change to initial proposal
From 1 January 2022, all LIBOR settings excluding 1-, 3- and 6-month sterling and Japanese yen and five US dollar…
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Why central bank digital currencies are facing an identity crisis
If cryptocurrencies are dangerous because of their proliferation among criminals, central banks are keen to make sure the same can’t…
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Inflation preview: price surge puts fresh pressure on Bank of England
W hat will inflation come in at tomorrow? The City thinks it will have risen from 3.1% in September to…
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Andrew Bailey ‘very uneasy’ about rising UK inflation
Giving evidence to the Commons Treasury select committee on Monday (15 November), Bailey admitted that the rising cost of living…
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Bank of England’s Jon Cunliffe says bitcoin threat to financial stability is ‘getting closer’
The threat that cryptocurrencies such as bitcoin pose to global financial stability is “getting closer”, a top Bank of England…
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COP26 and the future of M&A
As expected, COP26 was big on policy pledges to address climate change and promote sustainability. While there were positive steps…
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BoE’s Catherine Mann warns pandemic ‘she-cession’ to hurt women more than men
Women are at risk of falling further behind their peers on the career ladder as workers return to the office…
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ONS data: UK recovery slows in Q3 following labour shortages
UK GDP data slowed sharply to 1.3% for the third quarter of the year, far weaker than Q2 figures of…
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UK recovery slowed in Q3
UK GDP data slowed sharply to 1.3% for the third quarter of the year, far weaker than Q2 figures of…
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Bank of England says no Britcoin before 2025
The Bank of England has warned that the UK should not expect to launch a central bank digital currency before…
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UK economy set for prolonged stagnation and ‘widening’ inequalities
According to the latest quarterly outlook by the National Institute of Economic and Social Research (NIESR), the next few months…
Read More » - Uk-news
Three items rising in price the fastest as food inflation hits 14-month high
It comes as the Bank of England warned that inflation will rocket to its highest level for 10 years as…
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BoE defies market expectations by holding rates
The bank’s Monetary Policy Committee voted to hold the bank rate at its historic low, although the MPC minutes said…
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When it comes to the economy we are flying blind and that’s terrifying
B ritish inflation is already a little high. According to the Bank of England, it’s heading even higher, with a…
Read More » - Uk-news
How to beat rising mortgage rates as Barclays, TSB, HSBC and more hike charges
In the past week, Barclays, HSBC, NatWest and TSB have upped interest charges on their products – that’s despite no…
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BoE imposes rules on corporate bond purchases
In a paper released on Friday (5 November) the BoE said the purchases of eligible firms’ debt would be “tilted”…
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‘Pissed off’ traders blast BoE’s Bailey after shock interest rate U-turn
City traders raised questions over the credibility of Bank of England governor Andrew Bailey after the central bank’s surprise decision…
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FTSE 100 Live: British Airways owner posts loss, Bank of England reaction
T he battered fortunes of International Airlines Group are in the spotlight today after the British Airways owner reported another…
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Bank of England unexpectedly keeps rates unchanged, pushing pound lower
The Bank of England opted to hold off on an interest-rate hike that futures markets had fully priced in. The…
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Bank of England holds fire on rates: but probably not for long
W hen the Bank of England chose to hold rates today there was a certain amount of shock in the…
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BoE expected to raise interest rates as inflation rises – reports
According to the report, traders estimate the central bank will tighten its monetary policy by at least 0.15 percentage points,…
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FTSE 100 Live: Bank of England interest rates decision, BT results
C ity economists today expect the Bank of England to become the first major central bank to increase interest rates…
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Bank of England: Interest rates could rise for first time since 2018
The market betting on whether it will do so tomorrow (Thursday) is split nearly exactly 50:50. A few weeks back…
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Bank of England could start shoving borrowing costs up tomorrow — City economists
The market betting on whether it will do so tomorrow (Thursday) is split nearly exactly 50:50. A few weeks back…
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FTSE 100 Live: Federal Reserve set to taper support, Next sales boost
A ll eyes will be on the US Federal Reserve later today when policymakers set out how they plan to…
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Bank of England sees flood of applicants who want to debate ‘Britcoin’
The Bank of England has seen a flood of interest to join its discussions on creating a UK central bank…
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‘The end of the beginning for finance’: Mark Carney speaks at COP26
Carney, who is now the Prime Minister‘s finance adviser for Cop26, is running global project the Glasgow Financial Alliance for…
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FTSE 100 Live: BP posts $3.3 billion quarterly profit, Tesla shares surge
T he FTSE 100 index is to continue trading at a 20-month high after Wall Street markets advanced to fresh…
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Gilt prices soar as government brings in ‘unprecedented’ sales reduction
The country’s budget, published on 27 October, saw remaining gilt sales for 2021-2022 fall by £57.84bn to £194.8bn. As of…
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View: Time for the Bank of England to talk about a digital currency
Tracey McDermott is group head of conduct, financial crime and compliance at Standard Chartered. She was previously acting chief executive at the…
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Central bank digital currencies: Everything you need to know, explained
The Bank of England and other central banks are asking themselves whether they should create their own digital currencies. Here’s…
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Almost 8,000 Leicestershire businesses in ‘significant’ distress
Scale of current supply chain crisis and inflation engulfing industry revealed as almost 8,000 Leicestershire businesses in ‘significant’ financial distress…
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Mortgage costs to rise: Is now the time for 25-year deals?
The common consensus seems to be yes – but move fast. On Wednesday this week, shortly after Chancellor Rishi Sunak…
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FTSE 100 live: Amazon and Apple disappoint, NatWest reports Q3 profit
U pdates from Amazon and Apple have set a downbeat tone for European markets after the tech giants missed revenues…
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Citigroup, Starling chiefs urge caution over the UK’s plans for Britcoin
As Threadneedle Street’s consultation on building a central bank digital currency gets underway, several of the City’s top banking executives…
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Ten key takeaways from the Autumn Budget 2021
1. OBR revises forecasts The Office for Budget of Responsibility (OBR) downgraded its unemployment forecast and increased its growth projections.…
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Autumn Budget 2021: UK budget ‘good news’ for startups but criticised for lack of green investment
Nevertheless, Sunak sent a “clear” message to the UK that “levelling up” is at the forefront of the financial agenda,…
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Inflation to soar to 4% this winter in grim Budget announcement for families
Chancellor Rishi Sunak signalled a winter of discontent is on the way with prices soaring in the shops and risks…
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SDR roadmap expected to shake up asset management industry
However, they warn the new legislation may present further challenges, including data overload, additional work for fund groups and even…
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