Bank Of England

The Bank of England has warned that the coronavirus pandemic will force the UK economy towards its deepest recession on record. The bank has revealed that the economy was on course to shrink 14% this year, based on the lockdown being relaxed in June.

The Bank of England’s (BoE) decision to lower interest rates to an all-time low of 0.1% could see UK savers' rate of return fall by as much as 62.5%, according to the latest research by peer-to-peer lending platform Sourced Capital. 

Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks. The call, adds to the mounting pressure on the bank's governor, Andrew Bailey, to force banks to scrap payout pl

The Bank of England has launched its emergency liquidity scheme to make sure banks have enough cash, as it warned that immediate disruption from the pandemic could be more severe than its banking stress tests. Underlining the risks to the financial system, the Bank of England has activated its conti

The Bank of England has announced a second cut to interest rates amid a series of measures in response to the coronavirus pandemic. The Bank's Monetary Policy Committee (MPC) has voted to bring the interest rate to 0.1%, down from 0.25%, the lowest rate in its history and the second cut in just over

The Bank of England is considering introducing electronic banknotes for use by consumers and businesses. Mark Carney, the bank's outgoing governor, said that the bank was in the "middle of a revolution in payments". He urged that the bank must look into how electronic money could work.

The British Chambers of Commerce (BCC) has welcomed the Bank of England's decision to cut interest rates, saying that the "decisive action" will "support the economy at this delicate moment". In an emergency response to the economic impact of the Coronavirus outbreak, the Bank of England today

Finance ministers from the G7 group of nations have said that they will use "all appropriate policy tools" to handle the economic impact of coronavirus.

A new polymer £20 note featuring artist JMW Turner has entered circulation for the first time, the Bank of England has announced.

Despite anticipations of a rate cut, the Bank of England has not cut its interest rates, holding the rate at 0.75%. The bank announced today that its Monetary Policy Committee has voted by a majority of 7-2 to maintain the rate.

The UK's inflation rate decreased to its lowest point for more than three years in December, adding weight to the notion that interest rates could be cut.

For the first time in six years, consumers have repaid more credit card debt than they have borrowed, according to new data collected by the Bank of England. 

The Financial Conduct Authority (FCA) and the Bank of England (BoE) today outlined their proposals for data reforms across the UK financial sector. Both authorities have outlined their plans to develop their data and analytics capabilities. The FCA and BoE both depend on access to high-quality data

Andrew Bailey, the current chief executive of the Financial Conduct Authority (FCA), has been appointed as the next governor of the Bank of England. Mr Bailey will become the 121st governor of the bank on 16 March 2020.

De La Rue, the world's largest printer of money is running out of money. De La Rue has printed bank notes for the Bank of England since 1860 and also prints currency for a further 140 countries, issued a warning last week that there was "significant doubt" regarding its future.