Rates low for too long, says ex-Bank of England boss
Record high inflation was caused by the Bank of England keeping interest rates too low for too long, according to its former head. Lord Mervyn King said inflation has now been tamed, but criticised all central banks for failing to act fast enough initially.
Bank of England keeps its main interest rate on hold at 5% in wake of big US Fed rate cut
On Wednesday, the Fed became the latest major central bank to reduce borrowing costs, cutting its main interest by half of a percentage point to roughly 4.8% from a two-decade high of 5.3%, where it had stood for 14 months. It also signaled that there will be more cuts to come in the next few months.
The Bank of England has given Chancellor of the Exchequer Rachel Reeves a £4 billion ($5.3 billion) lifeline to help ease ...
Money Saving Expert shared the top savings accounts to open right now, but warned that the rates on offer are changing by the ...
The Bank of England allotted 37.059 billion pounds ($49.52 billion) in seven-day funds in its weekly short-term repo on ...
Sebastian Walsh, the man spearheading the Bank of England’s expansion into Leeds, explains why he and the organisation are ...
As the Swiss National Bank's new chairman Martin Schlegel takes office this week, the jury is out on the central bank's ...
The UK’s banking regulator is mulling “further steps” to boost the City’s international competitiveness as one of its top ...
A resurgent UK economy and caution from the Bank of England have sparked a stunning rally for the pound this year as it ...
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