FRANKFURT, Germany (AP) – The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more to come, underlining its drive to subdue inflation even as the European economy slows and the U.S. Federal Reserve eases its pace of increases.
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.
FRANKFURT, Germany (AP) – The European Central Bank is set for another large interest rate increase to fight painfully high inflation even after the U.S. Federal Reserve slowed its pace, a divergence that underlines Europe’s later start and could speed the euro’s rebound from recent lows against the dollar.
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.
Teeka Tiwari, editor of a financial newsletter from the Palm Beach Research Group — and advertising sponsor of Breitbart News — said Monday that bitcoin and other cryptocurrencies will likely become checks against central banks’ printing of money.
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.
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 Governor of the Bank of England, Mark Carney, has warned companies to prepare for climate change or face bankruptcy.
Jacob Rees-Mogg MP has insisted Mark Carney “should go” as Governor of the Bank of England, after the Canadian offered to extend his term through the Brexit process.
