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Without being forward thinking, the Bank of England will fail to position the UK as the global hub for digital assets, says Varun Patel.
Some 79 per cent of the 19 experts surveyed believe that the central bank will have started cutting or begin to cut interest rates by August next year.
After decades of cheap debt, the swing towards high interest rates was a wrecking ball for monetary policy, writes Charles White Thomson
With debt rapidly rising, the think tank warned that the UK would quickly face an unsustainable debt burden without a fundamental reset of fiscal and monetary policy.
The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international bank capital rules that began after the global financial crisis over a decade ago.
Inflation saw a surprise fall in August, complicating the Bank of England's decision to hike or hold interest rates
Uncomfortably high levels of wage growth and services inflation suggest inflation is increasingly domestically driven.
The Prudential Regulation Authority (PRA) today criticised City banks’ approach to risk management despite “regular messaging” on the issue. In a letter sent to bank executives in the City, the Bank of England’s regulatory arm set out its priorities for the New Year. Top of the list for regulators was financial resilience, in particular “deficiencies [...]
These were not good inflation numbers for the Bank of England. They were even worse for families. Nearly everyone has been taken aback by the Office for National Statistics calculating the annual rate of headline inflation (the consumer price index) snapped a three month falling streak to climb to 10.4 per cent last month. That [...]
The Bank of England says it has resolved a technical issue which shut down a vital system that processes around £1 trillion in transactions every day. The central bank said the “issue has been resolved and settlement will resume shortly”. The issue hit its real-time gross settlement (RTGS) service, used to settle transactions between banks [...]
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