Photo by maitree rimthong on Pexels.com The Bank of England has launched an emergency UK government bond-buying programme to prevent borrowing costs from spiraling out of control and stave off a “material risk to UK financial stability”. The Bank announced it was stepping in to buy government bonds - known as gilts - at an “urgent pace” … Continue reading Why Bank of England is buying government bonds
Photo by vectors icon on Pexels.com Sterling came under pressure on Thursday after the Bank of England wrongfooted investors by hiking interest rates by less than some anticipated. The pound fell from $1.148 to $1.1222 after the bank opted to hike the base rate by 50 basis points to a 14-year high of 2.25 per … Continue reading UK’s economic credibility threatened by recent slide in currency value
Photo by Anna Tis on Pexels.com Inflation is increasing, and many people will be concerned about the cost-of-living crisis that is unfolding. Inflation hit a 30-year high of 6.2 per cent in February, up from 5.5 per cent in January, and the fastest rise since 2009. The Bank of England has warned inflation could rocket to eight per … Continue reading How inflation will impact UK residents in 2022
The Bank of England (BoE) said on Thursday, August 5, it could see a modest reduction ahead in the huge support it has provided to Britain's economy during the COVID-19 pandemic and set out how it could gradually tighten monetary policy. Photo by Anthony on Pexels.com For now, the central bank decided to keep its stimulus at full speed, … Continue reading Bank of England sets financial plan to improve UK economy
The Bank of England voiced cautious optimism Thursday about the U.K.'s economic outlook in the wake of a sharp fall in coronavirus infections and the rapid rollout of the nation's COVID-19 vaccination program. The Bank of England voiced cautious optimism Thursday about the U.K.'s economic outlook in the wake of a sharp fall in coronavirus … Continue reading Bank of England: The UK economy will rise again
A British judge on Thursday refused to give Venezuela's Nicolás Maduro control of nearly $2 billion in gold sitting in a Bank of England vault because Britain does not recognize the socialist leader as president of the Latin American nation. Maduro has demanded the gold to help his cash-starved nation fight the coronavirus pandemic. But … Continue reading OMG! Venezuela’s Nicolás Maduro lost nearly $2bn worth of gold
You must be logged in to post a comment.