Bank of England member votes again for rate rise
Wednesday, August 18th, 2010
Most analysts expect interest rates to remain on hold for the rest of the year
A member of the Bank of England’s Monetary Policy Committee (MPC) has voted again
Posts Tagged ‘Bank of England’
Bank of England forecasts ‘choppy’ economic recovery
Wednesday, August 11th, 2010The UK economy faces a “choppy recovery” over the next two years, the governor of the Bank of England, Mervyn King, has warned.
His comments came as the Bank lowered its economic growth forecast and said inflation would stay higher for longer than previously forecast.
The Bank now expects the economy to grow by less than 3% in 2011, down from its previous forecast of nearer 3.5%… more...
Bank of England expected to revise growth forecast
Tuesday, August 10th, 2010
The Bank
The Bank of England is expected to lower its forecasts for economic growth in the UK but raise its
Bank of England governor hints rates will stay low
Wednesday, July 28th, 2010The governor of the Bank of England, Mervyn King, has said he is more concerned about the strength of the recovery than inflation.
His comments, made during an appearance in front of the House of Commons’ Treasury Committee, suggest he believes interest rates should stay low for the foreseeable future.
Mr King said he could not be confident that growth was firmly established.
Latest figures show the… more...
Bank of England member votes again for bank rate rise
Wednesday, July 21st, 2010
Most analysts expect UK interest rates to remain on hold until 2011
A member of the Bank of England’s Monetary Policy Committee (MPC) has called again for a rise in interest rates.
Minutes from… more...
Bank of England warns of dangers facing banks
Thursday, June 24th, 2010
The financial sector faces widespread reforms under the new government
The Bank of England has warned that UK banks still face serious challenges and need to build up their reserves further in order to cope with them.
In its Financial Stability Report, the Bank says… more...
Bank of England member votes for interest rate rise
Wednesday, June 23rd, 2010
The Bank of England is responsible for setting interest rates
A member of the Bank of England’s Monetary Policy Committee (MPC) has called for a rise in interest rates for the first time in almost two years.
Andrew Sentance voted to lift rates to… more...
Osborne to give Bank of England top regulatory role
Wednesday, June 16th, 2010
Mr Osborne is said to favour giving the Bank of England more powers
Chancellor George Osborne has confirmed that he will give the Bank of England the key role in regulating the UK financial sector.
Mr Osborne told the House of… more...
Bank of England unanimous over keeping rates on hold
Wednesday, May 19th, 2010
Mervyn King has backed the government
The Bank of England’s Monetary Policy Committee (MPC) was unanimous in its decision to keep interest rates on hold at 0.5% in May, minutes have shown.
The MPC said that while the UK economy was performing as expected, uncertainty had… more...