Decision on Digital Pound Over Two Years Away, Bank of England Says
In January 2024, the BoE said a decision on whether to go ahead with a digital currency would not be made before 2025 at the ...
U.K. Inflation Eases Unexpectedly, Boosting Chances of BOE Rate Cut -- Update
Services prices cooled significantly, with the annual rate of increase falling to 4.4% from 5% in November, reaching its lowest since March 2022. Policymakers at the BOE have worried that rapid wage ...
Bank of England warns billions of pounds in UK pension pots at risk
The Bank of England said it was concerned about an increase in the growing use of a type of insurance known as funded ...
Inflation falls slightly after two months of rises
Inflation has fallen slightly to 2.5% after two months of rises, official figures show. It means there was a slowing in the ...
Warnings of 3% inflation throw Bank of England calculations in the air
The Bank of England's Monetary Policy Committee (MPC) uses interest rates to put a brake on the nation's spending.
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UK Central Bank to Test CBDC Capabilities in New Digital Pound Lab
Bank of England announces the launch of the Digital Pound Lab to explore practical applications and technical designs for its ...
Bank of England Monitoring Gilt Market, But Sees Moves as Orderly, Says Breeden
The Bank of England is keeping a close eye on price moves in the market for U.K. government bonds, but they have so far been ...
Rachel Reeves dealt massive blow as Bank of England exposes huge problem
Rachel Reeves’s Budget has come under more scrutiny following a new report by the Bank of England exposing worrying trends in ...
Firms to pass on tax hikes through lower wages in long run, Bank executive says
Sarah Breeden, the Bank’s deputy governor for financial stability, also said firms might respond to the tax rises by cutting ...
Bank of England warns of increased risks and fees for homeowners due to mortgage broker tactics
According to a BoE research paper, there was a notable increase in the use of mortgage brokers for securing home loans ...