Page 7 - Bank Of England

BoE's Haldane hopes vaccine news will be quick game-changer for economy

Pfizer Inc said on Monday its experimental Covid-19 vaccine was more than 90% effective.

Bank of England ramps up stimulus by £150 bn to tackle new lockdown impact

The move comes on the day that England entered a four-week lock­down to curb a second wave of Covid-19, which is now killing as many Britons each day as it did in May

Bank of England increases monetary stimulus by more than expected

The Bank of England has increased its monetary stimulus by a bigger than anticipated 150 billion pounds ($195 billion) as it tries to boost the economy through new lockdown measures

Britain's economic recovery faltering, Bank of England to step up spending

A national lockdown earlier this year that forced businesses to close and citizens to stay home meant the UK economy contracted an historic 19.8% in the second quarter

UK court overturns Venezuela judgment in $1 billion gold tug-of-war

The BCV sued the Bank of England in May to recover control of the gold, which it says it will sell to finance Venezuela's response to the coronavirus pandemic

West's central banks are undergoing a profound shift. RBI must not follow

Starting with the Fed, the West's central bankers are descending into a dangerous spiral of overconfidence. RBI has no such room for error

Covid-19 crisis: Britain pauses on rate, sees unemployment at 2.5 million

BoE says downturn less severe than feared, avoids 'last resort' negative rates

Markets ride easy money wave, experts caution against asset price bubbles

Economists project developed world central banks to keep liquidity tap open well into 2021

British retail sales rebound in May, public borrowing hits record high

Britain closed non-essential retailers to the public in late March and only a small number such as garden centres were able to reopen in May

UK in deepest recession, but will not adopt negative interest rates: Report

Britain has the highest Covid-19 related death toll in Europe despite a lockdown that has kept citizens at home and businesses closed since March 23

Bank of England sees worst slump in 300 years as coronavirus bites

The BoE said Britain's economy might be on course to shrink by 25% in the three months to June and unemployment could more than double to 9% of the workforce

Covid-19 to push UK economy towards deepest recession: Bank of England

It would also be the sharpest annual contraction since 1706, according to reconstructed Bank of England data going back to the 18th Century

Bank of England cuts interest rates to near zero, ramps up bond-buying

BoE Governor Andrew Bailey said the buying would be front-loaded as the central bank sought to address financial markets that were "bordering on disorderly" in recent days.

Coronavirus: Bank of England cuts rates to 0.1%, ramps up bond-buying

The BoE's Monetary Policy Committee voted unanimously for the cut to the benchmark rate -- which had been slashed to 0.25% from 0.75% on March 11

UK banks borrow 3.7 bn pound from BoE as Covid-19 effects impact economy

Former BoE Governor Mark Carney said last week they were likely to be part of the solution to an economic crisis, rather than the cause.More liquidity is also on the way, should banks need it.

ECB ramps up stimulus in coronavirus fight but stops short of rate cut

The ECB said it would give businesses more ultra-cheap loans, raise asset purchases and provide banks with capital relief

WHO calls Coronavirus a pandemic, UK and Italy announce war chests

A pandemic is an epidemic on a far greater geographic scale that affects a much large number of people

Bank of England cuts interest rates by 0.5% to 0.25% to bolster economy

The BoE also introduced a new term funding scheme for small businesses. It will offer four-year funding over the next 12 months

Bank of England holds interest rate at 0.75% after slowdown fears allay

Most economists think the economy will have done well to eke out growth any higher than 1 per cent last year

Andrew Bailey named as Bank of England governor to guide through Brexit

The 60-year-old Briton, who was a BoE deputy between 2013 and 2016, will have the heavy task of conducting the country's monetary policy at the time of its exit from the European Union