Search Results for 'Bank of England'

Bank of England governance plan criticised

The Treasury Committee said the Bank's current governing body, the Court of the Bank of England, was antiquated and improvement plans were not sufficient. The central bank is to take powers back from the Financial Services Authority a [...]

Posted On : Jan, 23 2012 | Comments : 0

Bank of England announces crisis lending facility

The Bank of England has put in place contingency plans for a deterioration in the eurozone sovereign debt crisis, announcing a new short-term lending facility for times of severe market stress. Less than a week after six of the major cent [...]

Posted On : Dec, 07 2011 | Comments : 0

Bank of England - we won’t panic and raise rates

Mervyn King used his speech at the annual Mansion House dinner to reassure people that recent inflation spikes would not panic the central bank into increasing rates too soon, whilst also welcoming the announcement by chancellor George O [...]

Posted On : Jun, 17 2010 | Comments : 0

Bank of England keeps rates low as Government spending cuts ...

The coalition Government has pledged to cut the country's budget deficit, currently at almost 11pc of GDP, at a "significantly accelerated" pace – starting with £6bn of cuts this year – and most analysts e [...]

Posted On : Jun, 10 2010 | Comments : 0

Bank of England holds interest rates at 0.5%

INTEREST rates were held at their record low of 0.5% after the Bank of England’s monetary policy meeting yesterday. The Monetary Policy Committee (MPC) also decided that it would not expand its policy of quantitative easing as it c [...]

Posted On : Apr, 09 2010 | Comments : 0

Bank of England suggests financial shake-up

The idea was raised by the highly respected governor of the Bank of England, Mervyn King, who has launched a blistering attack against the British Government which he says has still done virtually nothing to reform the banking sector. Merv [...]

Posted On : Oct, 22 2009 | Comments : 0

ECB, Bank of England Hold Rates Steady

The European Central Bank and the Bank of England didn't change interest rates or other measures designed to boost growth Thursday, and gave no indication that major moves are imminent. The ECB left its key interest rate unchanged at 1%, w [...]

Posted On : Oct, 09 2009 | Comments : 0

Bank of England grows nervous about recovery

A leading Bank of England policy-maker yesterday poured fresh doubt on the strength and sustainability of a British economic recovery, and added to expectations that monetary policy would be kept extremely loose well into next year, even as [...]