Bank of England Holds Off on Rate Cut After Fed Goes Big
The U.K. central bank left its key interest rate unchanged, taking a more cautious approach than the Federal Reserve.
Bank of England Moves Add Up to £4 Billion Lifeline for Reeves
The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease ...
UK debt hits 100% of GDP, adding to Rachel Reeves' headache
British government debt hit 100% of economic output for the first time in recent history and there was another large budget ...
Bank of England governor ‘optimistic’ that interest rates can be cut, after ‘no change’ decision today – as it happened
Cautious Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs unchanged in 8-1 vote ...
Morning Bid: Central Bank Baton Passes to Japan, China
A bumper week of central bank meetings that included the U.S. Federal Reserve on Wednesday and the Bank of England on ...
UK stocks end higher after BoE keeps rates on hold
UK shares rose on Thursday, tracking gains in global equities after the Federal Reserve initiated a 50-basis-point rate cut, ...
Japanese company says it ended production of walkie-talkies used in Lebanon blasts 10 years ago
The walkie-talkies that exploded in Lebanon Wednesday have not been made for over a decade, according to Japan's Icom Inc.
American Banker2hOpinion
How the alchemy of banking helped create the modern state
In "Money and Promises," Paolo Zannoni, the historian, banker and executive deputy chairman of Prada, tells the tale of ...
Bank policymaker says higher interest rates needed to ‘purge’ inflation risks
Catherine Mann, a member of the Bank’s rate-setting committee, raised concerns over inflation staying at its 2% target level.
Bank of England keeps its main interest rate on hold at 5% in wake of big Fed cut
The decision Thursday was widely expected amid ongoing concerns about inflation within the British central bank’s monetary ...
Bank of England’s Mann warns of ’embedded’ UK inflation risk after decision to hold
Given uncertainty over the likely performance of the US economy and the Fed’s response, Mann suggested that the Bank needed ...
News Letter on MSN7hOpinion
Editorial: Bank of England is right to hold interest rates at current level for now
Interest rates in the United Kingdom have been held at 5%, after being cut at the previous Bank of England rate setting ...