Keywords: Bank of England


Bank of England economist warns against inaction on inflation risks

The chief economist of the Bank of England, Huw Pill, has emphasized that economic uncertainty should not delay action against rising inflation risks. Speaking at an international central banking event, Pill highlighted that ongoing geopolitical tensions, particularly in the Middle East, are contributing......

Starmer calls emergency meeting over cost-of-living pressures linked to Iran conflict

The Prime Minister of the United Kingdom, Keir Starmer, is set to convene an emergency meeting next week to address the growing cost-of-living pressures linked to the ongoing conflict involving Iran. According to media reports, the meeting will bring together senior government ministers along with Andrew......

Dollar heads for sharpest weekly drop as global rate outlook shifts

The US dollar is on track for its steepest weekly decline since late January, falling about 1.1 percent against major currencies as other leading central banks signal tighter monetary policy while the Federal Reserve holds back. The shift reflects a rapid change in global policy expectations following......

European central banks hold rates as Iran war fuels inflation fears

Major European central banks kept interest rates unchanged on Thursday as rising energy prices linked to the conflict with Iran raised concerns about renewed inflation across the region. The European Central Bank held its deposit rate at 2 percent for the sixth consecutive meeting, while the Bank of......

Bank of England unveils plan to strengthen bank liquidity in crises

The Bank of England has introduced new proposals aimed at improving how banks manage liquidity during periods of financial stress. The plan focuses on enabling financial institutions to quickly convert their liquid assets into cash during fast-moving crisis situations. Rather than requiring banks to......

UK minimum wage hike linked to rising youth unemployment, BoE official warns

A sharp increase in the United Kingdom’s minimum wage for younger workers over the past three years has contributed to higher unemployment among this age group, according to Catherine Mann, a member of the Bank of England’s Monetary Policy Committee. Data shows that unemployment for 18-24......

European stocks steady ahead of ECB and Bank of England rate decisions

European stock markets held steady Thursday as investors digested mixed corporate earnings and braced for policy decisions from two major central banks later in the day. The pan-European STOXX 600 hovered around 618 points early in the session, near the record from the previous close. Germany's......

Sterling surpasses 1.34 amid dollar's worst year since 2017

The British pound traded above 1.34 against the US dollar on Thursday, building on its strongest annual performance since 2017 as divergent central bank policies and growing doubts over the Federal Reserve's independence weighed heavily on the greenback. In early Asian trading on January 2, the......

Bank of England proposes framework to strengthen trust in stablecoins

The Bank of England (BoE) unveiled on Monday new proposals aimed at boosting public confidence in stablecoins, cryptocurrencies designed to maintain a stable value by being pegged to traditional currencies. These digital assets, seen as a potential revolution in payments by bypassing traditional......