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Latest Bank of England News

  • A flimsy fightback 15 May 2008 20:32 GMT
    ... that is in trouble; the wider economy is suffering too. On May 14th the Bank of England's quarterly Inflation Report painted a notably gloomy picture of the outlook over the next ...

  • The good times are over 15 May 2008 20:32 GMT
    ... According to the Governor of the Bank Of England the economy of the country is in danger of falling in to recession and ...

  • The dollar's short-lived comeback 15 May 2008 20:32 GMT
    ... has also helped spur the dollar's weakness. Both the European Central Bank and the Bank of England held interest rates steady last week. Still, it is understandable why a growing number ...

  • Credit crunch moving into new phase, UK watchdog says 15 May 2008 20:32 GMT
    ... the impact of the global credit crunch on Britain grew this week when the Bank of England said the economy could shrink for a quarter or two. Fears of a housing ...

  • Brown: 'I'm Getting On With The Job' 15 May 2008 20:30 GMT
    ... said the difficulty was in making mortgages available. :: The £50bn injection by the Bank of England should help increase the supply of funds from building societies to homeowners, he said. ...

  • Barclays announces £1 billion write down and lower profits 15 May 2008 19:55 GMT
    ... extra cash to shore up their balance sheet to repair credit-related losses. With the Bank of England's latest inflation report painting a gloomy picture for the UK's economic prospects, the banks ...

  • Troubled by bubbles: Central bankers re-examine the hands-off approach 15 May 2008 19:18 GMT
    ... information that we would dare to do that.” Charles Bean, chief economist at the Bank of England, made a similar argument in a speech in Australia in 2003. He said that ...

  • Bank of England warns of tough times ahead 15 May 2008 18:35 GMT
    ... The Governor of the Bank of England, Mervyn King, warns Britain is facing tough economic times ahead. "The nice decade is ...

  • Forex - Dollar remains on the backfoot against euro, pound 15 May 2008 18:11 GMT
    ... to euro, while the pound continued to gain on the back of Wednesday's hawkish Bank of England Inflation Report. 'The dollar took a bit of a hit from the inflation figures ...

  • Mixed signals emerge on global economy 15 May 2008 17:39 GMT
    ... THE Bank of England has warned that Britain may be following the US into recession, despite a growing ...

  • Stars sell Lego models for charity 15 May 2008 17:18 GMT
    ... the Twin Towers. Liberal Democrat deputy leader Vince Cable and his team recreated the Bank of England. All of the funds raised will help to upgrade a playground at the National ...

  • 'Rate cut needed to help city firms' 15 May 2008 17:18 GMT
    ... A PETERBOROUGH business leader has today urged Bank of England bosses to ignore rising inflation and to cut interest rates to help companies beat ...

  • More shocks 'could tip UK into recession' 15 May 2008 17:18 GMT
    ... 'could tip UK into recession' 5:00AM Friday May 16, 2008 By Sean O'Grady The Bank of England yesterday admitted for the first time recession was a real risk for the economy ...

  • More shocks 'could tip UK into recession' 15 May 2008 17:18 GMT
    ... 'could tip UK into recession' 5:00AM Friday May 16, 2008 By Sean O'Grady The Bank of England yesterday admitted for the first time recession was a real risk for the economy ...

  • Downturn in economy shakes foundations of housing market 15 May 2008 17:16 GMT
    ... number of properties changing hands has fallen sharply in the past 12 months. And Bank of England figures show that the number of new mortgages approved in March was the lowest ...

  • Ups and downturns 15 May 2008 17:16 GMT
    ... economic upturn may begin later this year. Across the Atlantic, the Governor of the Bank of England recently commented that the fears of subprime meltdown might be overstated. Second, MBA students ...

  • King's comments hammer gilts 15 May 2008 17:16 GMT
    ... LONDON (SHARECAST) - Gilts tumbled following Bank of England governor Mervyn King's gloomy comments on inflation yesterday. King suggested inflation could rise above ...

  • Pound strengthens against euro, dollar 15 May 2008 17:04 GMT
    ... Sterling bounced back against the dollar and the euro on the back of the Bank of England's pessimistic inflation report, dealers said Thursday. The BoE warned Wednesday that British inflation -- ...

  • Relaunch: day three for Brown as he faces press pack 15 May 2008 16:57 GMT
    ... step down as prime minister. Responding to a warning from the governor of the Bank of England, Mervyn King, that the economy may be heading into a recession, Brown insisted: "We ...

  • Gloomy predictions: Mixed signals emerge on global economy 15 May 2008 16:57 GMT
    ... THE Bank of England has warned that Britain may be following the US into recession, despite a growing ...


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