Bank of England’s Taylor: No need for interest rate hike Economics Bank of England official Alan Taylor has downplayed the need to raise interest rates in the face of the looming energy crisis, saying he saw no evidence that price rises from an initial jump in fuel costs were filtering into the wider economy. External Monetary Policy Committee member said the case for rate hikes was [...]
Bank of England’s Ramsden says interest rates will need to rise if pressures persist Economics Interest rates may need to rise if growing inflation pressures continue to build, according to the Bank of England’s deputy governor, who added there had been “robust discussion” among officials over the authority’s recent bond sale overhaul. Dave Ramsden, who leads the organisation’s oversight of markets and banking, said there would have been “at least [...]
Borrowing costs fall after Bank of England ‘surprises’ markets with bond sale change Economics The government’s borrowing costs fell on Thursday, after the Bank of England voted to hold interest rates and chose to end its long-term gilt sales in a major overhaul of its bond sale programme. The yields on both short- and long-term government bonds fell in the aftermath of the decision, as traders pared back bets [...]
Bank of England holds interest rates and overhauls bond sale programme September 17, 2026 The Bank of England has kept interest rates on hold at a sixth consecutive meeting, but warned that they were likely to rise at future meetings unless the threat to energy markets posed by the Iran war begins to ease. The central bank’s Monetary Policy Committee voted six to three to leave rates unchanged, in [...]
Bank of England under pressure to raise interest rates or risk ‘losing credibility’ September 16, 2026 The Bank of England is facing mounting pressure to raise interest rates on Thursday amid a global bond market rout fuelled by concerns over runaway government borrowing and sticky inflation. Investors told Threadneedle Street it was “essential” to rein in prices before the energy shock triggered by the Iran war spreads through the economy and [...]
‘We have been ignored for most of our life,’ says FTSE 100’s newest bank August 17, 2026 Lion Finance thought of itself as the London Stock Exchange’s wallflower. But after its promotion the the market’s blue-chip index earlier this year, the bank is finally getting noticed. Shares in the group formerly known as Bank of Georgia have enjoyed a quiet ascent since the beginning of 2022. In that four-year window the stock [...]
The Bank of England is keeping Britain in the waiting room June 19, 2026 The MPC’s decision to holding the Bank rate for the fourth meeting is downstream of a government, and a country, that’s run out of ideas, says Emmanuel Igwe What sound does a country make when it has run out of ideas? Rather than cacophonous noise or a muted groan, I would say that sound is [...]
JP Morgan chief threatens to pull £3bn investment if Labour becomes ‘hostile to banks’ May 13, 2026 The chief executive of JP Morgan has threatened to pull a major investment from the UK if Labour government policy turns “hostile to banks”. Jamie Dimon – the influential American banker – revealed plans for a £3bn square feet tower in Canary Wharf last year, which is projected to inject as much as £10bn over [...]
‘Twenty years of caution’: Banking industry ramps up efforts to fix ‘anaemic’ UK growth May 11, 2026 The UK’s industry body for banking has stepped up its lobbying efforts for the government to improve “anaemic” growth figures and bolster the financial services sector. A new report published by UK Finance – the body representing around 300 firms that provide UK banking services – has issued a nine-point plan, which calls for “clear [...]
A bank tax hangs in the balance at the local election ballot May 6, 2026 As speculation of a leadership challenge – or sweeping reshuffle – surrounds the forthcoming local elections, in this week’s column Samuel Norman looks at what a change in Chancellor would mean for the banking sector. It is no secret that Thursday’s local elections carry a weight far heavier than the fate of a few neighbourhood [...]