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Bank of England News

26 Mar 2024

Gold Falls Rs 100; Silver Slumps Rs 250

In the overseas markets, spot gold at Comex was trading at USD 2,173 per ounce, down by USD 4 from the previous close.

Bank of England

04 Nov 2022

Bank of England warns of longest recession in 100 yrs

A 0.75 per cent increase, the latest in a series of eight interest rate rises since last year, would not be enough to guarantee victory in the war against double-digit inflation, the Bank said, as it cautioned further action would be needed.

19 Dec 2019

Asian shares tiptoe higher, sterling wounded before BoE policy meeting

Overall sentiment was supportive of equities and riskier assets, but less favourable for safe-haven assets like bonds due to expectations that economic growth will start to pick up next year after a tumultuous 2019.

14 Apr 2019

UK fears Brexit could hurt global hunt for new Bank of England governor

There is some speculation that among many, Raghuram Rajan's name may be doing the rounds.

Bank of England

02 Aug 2018

Bank of England raises rates above crisis lows, signals no rush for next hike

he BoE`s nine rate-setters were unexpectedly unanimous in their vote to raise rates to 0.75 from 0.50 percent.

Reserve Bank of India

17 May 2018

Former RBI governor Raghuram Rajan says won't apply for top BoE job

Rajan has been mentioned by analysts as a possible future BoE governor after Mark Carney - who previously headed Canada`s central bank - steps down at the end of June 2019.

23 Apr 2018

Raghuram Rajan named by FT as possible candidate for Bank of England top job

It said that UK Chancellor and Exchequer Philip Hammond is starting the process to select the next Governor of the Bank of England to replace Mark Carney in 2019.

cryptocurrencies

02 Mar 2018

Cryptocurrencies are failing as money, says Bank of England chief Mark Carney

Bitcoin prices have fallen sharply since December 2017.

Bank of England

08 Feb 2018

Bank of England rate hike warning spooks markets

The Bank of England (BoE) on Thursday froze interest rates at 0.5 percent, but warned borrowing costs could rise more quickly than expected to bring down inflation, sparking fresh turmoil in the markets.

Bank of England

02 Nov 2017

BoE set for hike, Fed to get new head, trillion-dollar Apple?

The dollar index, which tracks the greenback against a basket of six major rivals, slipped 0.2 percent to 94.533 as it pulled back 0.3 percent against the yen to 113.89 and $1.1655 per euro.

Britain`s unemployment

13 Sep 2017

UK jobless rate falls to lowest since 1975 as pay growth lags

The rapid job creation took the unemployment rate down to 4.3 percent from 4.4 percent.

Britain`s annual inflation

12 Sep 2017

British inflation jumps, pushing pound to one-year dollar high

The Consumer Prices Index (CPI) 12-month rate jumped to 2.9 percent in August compared to 2.6 percent in July, the Office for National Statistics said in a statement.

23 Aug 2017

Small fire at London rail station disrupts transport, no injuries

The station serves two London Underground lines, as well as an underground part of the Docklands Light Railway (DLR) which connects central London with the east of the city.

Bank of England

10 Aug 2017

Veggie bank notes? Bank of England sticks with animal-fat cash

The Bank of England said on Thursday there were environmental risks to using the alternative, derived from palm oil, and that the government had ruled it too expensive.

Bank of England

21 Feb 2017

Bank of England admits to trace of animal fat in UK pound notes; Hindu groups say their values have been compromised

Bank of England has admitted that there is a trace of tallow in UK pound notes.

Bank of England

02 Feb 2017

Bank of England hikes UK growth forecast; holds rate

The Bank of England on Thursday ramped up its UK economic growth forecasts for the next three years, despite Brexit storm clouds on the horizon.

Business News 2016

17 Dec 2016

Brexit: Britain bids adieu to EU

With the UK's fate in the EU on a knife-edge, millions of Britons voted in the historic referendum in June that was to decide on whether the country will stay in or leave the 28-nation bloc after an acrimonious campaign

05 Dec 2016

Animal fat found in Britain's plastic money; angry vegan community files petition

The Bank of England has decided to change its polymer notes after their animal-fat-infused £5 bank note upset vegans, vegetarians, and other animal advocates.

05 Dec 2016

RBS agrees $1 billion payout over 2008 fundraising case

Royal Bank of Scotland has reached a settlement with the majority of shareholder groups over allegations it misled them during a fundraising at the height of the financial crisis, but still has to strike a deal with thousands of smaller retail investors.

Hindu organizations

04 Dec 2016

Hindu Groups in UK call on Bank of England to withdraw 'non-veg' 5-pound note

Hindu organisations in England have asked the Bank of England to quickly withdraw the new 5-pound note from circulation in the economy since it is made out of animal fat.

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