Bank of England

Bank of England policymaker Jonathan Hall has voiced concern over the adoption of AI in trading by financial firms, stating it could amplify shocks on markets and encourage “herd-like behavior.”

Inflation in the UK as measured by the consumer prices index eased back to its lowest level in more than two years, official figures show.

Green agenda policies are driving up inflation, raising costs and depressing economic growth, a top advisor to the Bank of England admitted.

The massive spending sprees and money printing schemes during the lockdowns is the central cause of inflation, a top central banker admitted.

The public should “accept that they’re worse off” than they were a year ago amid rampant inflation, an ivory tower Bank of England boss said.

Steps to prevent a global banking crisis after the historic failure of Silicon Valley Bank (SVB) continued Monday, with governments in the UK, France, and Israel joining the U.S. to reassure institutions exposed to the fallout.

The Silicon Valley Bank fallout went international with UK and European lenders seeing nearly £30 billion wiped off their portfolios

LONDON (AP) – The Bank of England raised interest rates by half a percentage point Thursday as it sought to tame double-digit inflation that is fueling a cost-of-living crisis, public-sector strikes and fears of recession.

The de facto head of His Majesty’s Treasury announced this week that the Bank of England has begun consultations on implementing a Central Bank Digital Currency (CBDC) that could usher in the globalist vision of a cashless society in which all transactions are traceable by the government.

Britain may have already entered a recession as the latest economic figures showed that the economy contracted in the reporting quarter between July and September.

The Bank of England predicted the UK will experience the longest recession in recorded history on Thursday as it raised interest rates again.

The Bank of England said ‘fire sale’ dynamics in the bond market posed a “material risk” to U.K. financial stability.

Britain´s central bank is under pressure make another big interest rate hike Thursday, with inflation outpacing other major economies.

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, a faster pace than in the U.S. and Europe.

Rishi Sunak, the tax-hiking former Chancellor of Exchequer, and Liz Truss, the Remain-voting Foreign Secretary, are continuing to clash ahead of the vote deciding which of them will replace Boris Johnson. 

The Bank of England has admitted that its inflation predictions were widely off, as the UK is bracing for 11 per cent inflation.

The head of Tesco has warned that people in the UK are facing “real food poverty for the first time in a generation”.

The high level of inflation may last for years in Britain, a former top economist from the Bank of England has warned.

Economists forecast that the central bank´s Monetary Policy Committee will raise interest rates for a fourth consecutive meeting to 0.75%.

The UK’s Royal Mint has been tasked by the Treasury Department to create an NFT in the latest move towards a cashless society.

The Bank of England has warned that inflation could hit 8 per cent by as early as next month as it raised interest rates on Thursday.

Bank of England governor Andrew Bailey has made an astonishing request of British workers, telling them to help the state control inflation by not asking bosses for pay rises.

The inflation rate in Britain has hit the highest level in a decade as the cost of living has soared as a result of rising energy prices.

Because inflation rose by more than one percent above target its governorwill have to write a letter to Treasury explaining what’s going on.

Richard Tice alleged that political pressure — possibly from the government — was behind the “unprecedented” debanking of Reform UK.

Official figures show inflation in the U.K. rising to its highest level in nearly three years over rises in the prices of food and fuel.

The UK is experiencing strong growth after the 2020 lockdown collapse, but the end of furlough and inflation on the horizon are concerning.

Britain’s Bank of England is currently in the process of purging former governors and directors from its art collection for “inexcusable connections” to the historic slave trade, according to reports. 

The UK economy suffered its biggest decline in more than 300 years as the pandemic closed shops and restaurants, and curtailed manufacturing.

During a “reparations rebellion” protest in London, Extinction Rebellion and BLM climate change activists demanded that financial institutions pay reparations for their role in the slave trade.

LONDON (AP) – The Bank of England left its benchmark interest rate at a record low of 0.1 per cent on Thursday as it expressed caution about how rapidly the United Kingdom’s economy will recover from the Covid-19 pandemic.

The British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic.

The Bank slashed the already historically low interest rate to 0.1 per cent in a bid to stimulate the economy in the wake of coronavirus.

The outgoing Bank of England Governor, Mark Carney, has wasted no time in settling into his new role as U.N. special envoy for global climate action, warning Monday the world faces irreversible heating unless firms turn away from their former investment priorities.

Research has found a link between interest rates and fertility, with homeowners more likely to have children when rates fall. 

LONDON (AP) – The growth outlook for the British economy has deteriorated largely as a result of a gloomier global backdrop, the Bank of England said Thursday as it refrained from cutting rates in the run-up to a general election that could have huge repercussions on Brexit.