Bank Of England Slashes Interest Rates To Record Low In Coronavirus Emergency Move

The Bank of England's decision to slash its interest rate by half a percentage point to 0.25% is in line with to help keep firms in business and people in jobs.

UK Households' Confidence In Finances Hits Record High In February - IHS Markit

The IHS Markit Household Finance Index jumped to 47.6 in February from 44.6 in January, the highest index reading since the survey began 11 years ago.

India Needs Its Own Mark Carneys

The private sector in India has a better record of appointing foreign talent than does the public sector

Bitcoin Not Big Enough To Threaten World Economy, Says BoE Deputy

Bitcoin has soared more than 900 per cent so far this year, the largest gain of all asset classes and prompting sceptics to say it is a classic speculative bubble

Bank Of England's Carney Faces Up To Pressure From Prices And Politics

Many supporters of Britain's exit from the EU strongly objected to Carney's warnings of the economic risks of Brexit in the run-up to the referendum

Bank Of England Signals New Rate Cut Despite Brexit Bounceback

The Bank of England said it was still likely to cut interest rates to just above zero later this year, even though the initial Brexit hit to Britain's economy would be less severe than it expected only last month

Sensex Zooms 364 Points, Nifty Tops 8,600 On BoE Stimulus Push

In sync with strong global stocks after the Bank of England announced a rate cut and fresh stimulus, the Sensex rallied 364 points to close above 28,000, helped by auto and oil and gas

Sterling Nurses Wounds After BoE Measures

The larger than expected measures pushed the British pound down 1.6 per cent on Thursday, its biggest fall in a month

Bank Of England Brings Down Stimulus Sledgehammer To Beat Brexit Blues

The BoE cuts interest rates 25 basis points to 0.25 per cent and said it would buy 60 billion pounds ($79 billion) of government bonds over the next six months

Soros Says Pound Fall After Brexit Would Be More Disruptive Than 'Black Wednesday'

Opponents of EU membership say Britain could prosper if it cut itself free from what they portray as a doomed German-dominated project in excessive debt-funded welfare spending

UK Banks Ordered To Review Cyber Security After SWIFT Heist

Authorities in Dhaka and private forensic experts are investigating the February cyber heist in Bangladesh where thieves raided a central bank account kept at the Federal Reserve Bank of New York, stealing $81 million

Bank Of England To Look Into Banning Executives Behind 2008 HBOS Failure

The bailout of Lloyds and its rival, Royal Bank of Scotland, caused Britain's public debt to balloon, prompted lasting public outrage at bankers, and triggered a revamp of British financial regulation

Central Banks Have Little Room For Mistakes In Low-Growth World

Bank Of England Keeps Rates Steady, Unfazed By Overseas Risks