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13 Jan 22
The House of Lords Economic Affairs Committee said there is no convincing case for a Bank of England digital currency, raising concerns it could impede on payment privacy.
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16 Dec 21
The Bank of England has raised the cost of borrowing for the first time since the onset of Covid-19 despite fears of the Omicron variant slowing the economy, citing worries about inflation.
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14 Dec 21
The Bank of England must not delay raising interest rates despite the economic risks around the Omicron variant of Covid-19, the International Monetary Fund has said.
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10 Nov 21
The Treasury and Bank of England will consult on the benefits of a digital currency in 2022, the next step towards issuing digital money.
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4 Nov 21
The Bank of England’s base rate will remain at its all-time low of 0.1% after the Monetary Policy Committee voted to hold fire on an increase – despite predicting inflation will reach 5% next Spring.
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13 Oct 21
Some central banks, including the Bank of England, may need to take additional actions if inflationary pressures persist past the middle of next year, according to the IMF.
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8 Oct 21
Heightened inflation caused by global supply chain issues and labour shortages could continue into the middle of next year, according to the Bank of England’s new chief economist.
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24 Sep 21
Inflation could run above the Bank of England 2% target going into 2023, as supply shortages led to CPI spiking this year, according to ratings agency Standard and Poor’s.
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2 Sep 21
The Bank of England has named former Goldman Sachs economist Huw Pill as its next chief economist and a member of its Monetary Policy Committee.
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6 Aug 21
The Bank of England has signalled it could tighten its monetary policy slightly faster than had been expected as the recovery from Covid-19 gets underway and inflation continues to run above its 2%...
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27 Jul 21
It is too early to withdraw extraordinary monetary policy support, despite high inflation and growing employment, a Bank of England official has said.
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5 Jul 21
The UK’s debt repayments will be favourable, despite risks stemming from an elevated deficit and future Brexit-related shocks, according to ratings agency Moody’s.
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17 Jun 21
Bank of England protections are available to help protect local authorities lending to their peers, according to a senior advisor at the bank.
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28 May 21
The House of Lords Economic Affairs Committee has written to chancellor Rishi Sunak to clarify the working relationship between the Bank of England and department throughout Covid-19.
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6 May 21
UK GDP is forecast to grow by 7.25% this year, as Covid-19 restrictions are lifted – the fastest growth since the Second World War, according to the Bank of England.
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19 Apr 21
The Treasury and the Bank of England have launched a joint taskforce to explore the potential of a digital currency.
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16 Mar 21
The Bank of England is looking at “new tools” to guide the UK economy out of the crisis caused by Covid-19, according to governor Andrew Bailey.
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5 Feb 21
The Bank of England has written to banks asking them to take measures to prepare for any future decision to cut interest rates below zero later this year.
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25 Jan 21
The Bank of England’s bond purchase programme is creating a “moral hazard” by funding companies which emit large amounts of carbon dioxide, according to a group of MPs.
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14 Jan 21
The Bank of England needs to improve its own understanding of its quantitative easing programme to improve its effectiveness, according to the bank’s internal watchdog.
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24 Nov 20
The UK’s GDP is forecast to decrease by as much as 3.6% in the final three months of this year as result of the second lockdown, according to advisory firm PwC.
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18 Nov 20
Monetary policy will attempt to combat long-term scarring to UK GDP from Covid-19 forecast at £40bn a year, according to a deputy governor of the Bank of England.
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10 Nov 20
Chancellor Rishi Sunak has announced the UK is set to issue its first sovereign green bond next year, in a bid to help meet the government’s 2050 carbon net zero target.
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5 Nov 20
The Bank of England has announced plans for another £150bn of quantitative easing, as Covid-19 impacts further on the UK’s economic recovery.
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18 Oct 20
Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
13 Jan 22The House of Lords Economic Affairs Committee said there is no convincing case for a Bank of England digital currency, raising concerns it could impede on payment privacy.
16 Dec 21The Bank of England has raised the cost of borrowing for the first time since the onset of Covid-19 despite fears of the Omicron variant slowing the economy, citing worries about inflation.
14 Dec 21The Bank of England must not delay raising interest rates despite the economic risks around the Omicron variant of Covid-19, the International Monetary Fund has said.
5 Jul 21The UK’s debt repayments will be favourable, despite risks stemming from an elevated deficit and future Brexit-related shocks, according to ratings agency Moody’s.
24 Nov 20The UK’s GDP is forecast to decrease by as much as 3.6% in the final three months of this year as result of the second lockdown, according to advisory firm PwC.
10 Nov 20Chancellor Rishi Sunak has announced the UK is set to issue its first sovereign green bond next year, in a bid to help meet the government’s 2050 carbon net zero target.
18 Oct 20Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
