central bank of the United Kingdom
BOE Warns of Risks With Private Asset Values Shrouded in Secrecy: The Bank of England is concerned about the ways that private equity giants value their holdings ...
bloomberg.com/news/articles/2024-04-22/boe-warns-of-risks-with-private-asset-values-shrouded-in-secrecy
Bank of England’s Mann Warns World Fragmentation Means More Inflation Shocks: Bank of England policymaker Catherine Mann said the fragmenting global economy will ...
bloomberg.com/news/articles/2024-04-19/boe-s-mann-warns-world-fragmentation-means-more-inflation-shocks
Paid articlePaid
UK Economists Say Markets Betting Wrong on Interest Rate Cuts: The Bank of England has found itself caught in the middle of a trans-Atlantic divide over who will ...
bloomberg.com/news/articles/2024-04-22/uk-economists-say-markets-betting-wrong-on-interest-rate-cuts
BOE Chief Economist Huw Pill Says He’s Cautious on Interest Rate Cuts: Bank of England Chief Economist Huw Pill said he’s erring on the side of caution in ...
bloomberg.com/news/articles/2024-04-23/boe-chief-economist-says-uk-is-getting-closer-to-rate-cuts
UK Is Falling Behind US in the Race for AI, BOE’s Haskel Says: The US is leading the UK on AI investments, raising concerns about a widening productivity gap ...
bloomberg.com/news/articles/2024-04-18/uk-is-falling-behind-us-in-the-race-for-ai-boe-s-haskel-says
I don’t want to be prime minister again, Liz Truss insists: Britain’s shortest-serving prime minister had previously declined to rule out standing to be Tory ...
itv.com/news/2024-04-21/i-dont-want-to-be-pm-again-liz-truss-insists
Lloyds profits fall as interest rate benefits wane: Competition in savings and mortgage markets and rate cut expectations weigh on margins
ft.com/content/4086d32f-142c-411e-8f48-139957fcdde6
Bank of England Interest Rate Cuts Ahead of UK Election Aren't a Sure Thing: Voters may end up going to the polls with the Bank of England rate still ...
bloomberg.com/news/newsletters/2024-04-17/bank-of-england-interest-rate-cuts-ahead-of-uk-election-aren-t-a-sure-thing
Quick Glance: Powell Warns of Lack of Progress on Inflation
- Federal Reserve Chair Jerome Powell emphasized that the U.S. economy, while otherwise strong, has not seen a return of inflation to the central bank's target.
- Powell mentioned that the current policy should remain in place as inflation has not declined quickly enough and there has been no further progress towards the 2% goal.
- Since July 2023, the Fed has maintained its benchmark interest rate in a target range between 5.25% and 5.5%, the result of 11 consecutive rate hikes.
- Financial markets have had to adjust their expectations for rate cuts this year as inflation has been higher than expected, and the Fed's policy continues to be dependent on data.
BOE Official Warns of ‘Bumpy’ Last Mile in Inflation Fight: Bank of England policy maker Megan Greene said developed economies including the UK face a “bumpy ...
bloomberg.com/news/articles/2024-04-17/boe-official-warns-of-bumpy-last-mile-in-inflation-fight
Paid articlePaid No Evidence BOE Decisions Swayed by Elections, Analysis Finds: The Bank of England could cut interest rates twice before the next UK general election ...
bloomberg.com/news/articles/2024-04-18/no-evidence-boe-decisions-swayed-by-elections-analysis-finds
Paid articlePaid
BOE’s Megan Greene Says UK Interest Rates Cuts ‘Not Imminent’: Bank of England policymaker Megan Greene said the UK faces difficult trade-offs over whether to ...
bloomberg.com/news/articles/2024-04-18/boe-s-megan-greene-says-uk-interest-rates-cuts-not-imminent
Bernanke Urges BOE to Give Market Clearer Guidance on Rates: Ben Bernanke called on the Bank of England to consider publishing its own outlook for UK interest ...
bloomberg.com/news/articles/2024-04-12/bernanke-urges-boe-to-speak-more-clearly-on-direction-of-rated
Paid articlePaidQuick Glance: Improve: Bernanke Critiques Bank of England's Handling of Inflation Crisis
- The Bank of England has deteriorated in economic forecasting, with faulty models and outdated systems. Communication with the public needs enhancement.
- Ben Bernanke's report includes 12 detailed recommendations, which Andrew Bailey, the Bank's governor, intends to act upon. Bernanke emphasizes the Bank's potential for significant improvement.
- Bernanke criticizes the Bank's use of fan charts, suggesting they lack useful information and should be replaced with more transparent communication methods. He highlights the need for clearer decision-making reasoning.
- Despite recommendations, Bernanke avoided speculating on past actions, indicating room for substantial improvement within the Bank's processes. The report conveys a clear message: the Bank could have performed much better.
FTSE 100 hits record high as shares rise amid hopes of interest rate cuts: UK’s blue-chip index rises to 8,076, surpassing previous high of 8 ...
theguardian.com/business/2024/apr/23/ftse-100-hits-record-high-shares-interest-rate-cuts
UK House Prices Under Threat As Traders Pare Back Rate Cut Bets: The UK housing market recovery is threatened by investors scaling back bets on how far the Bank ...
bloomberg.com/news/articles/2024-04-24/uk-house-prices-under-threat-as-traders-pare-back-rate-cut-bets
Retail sales in Great Britain flatline as households continue to feel squeeze: Shoppers cut back in March, with data likely to increase pressure on Bank of ...
theguardian.com/business/2024/apr/19/retail-sales-in-great-britain-flatline-as-households-continue-to-feel-squeeze
UK Jobs and Pay Data Poses a Dilemma for the Bank of England: Sticky wages and falling vacancies don’t make the Bank of England’s life any easier.
bloomberg.com/news/newsletters/2024-04-16/uk-jobs-and-pay-data-poses-a-dilemma-for-the-bank-of-england
UK Inflation: Traders Favor Just One BOE Rate Cut in 2024 After Hot Data: Money markets rushed to trim wagers on the extent of monetary easing by the Bank of ...
bloomberg.com/news/articles/2024-04-17/traders-favor-just-one-boe-cut-in-2024-after-hot-inflation-data
Paid articlePaid Bank of England Official says UK on Cusp of Payments Revolution: Bank of England Deputy Governor Sarah Breeden said the UK is on the cusp of a technological ...
bloomberg.com/news/articles/2024-04-15/bank-of-england-official-says-uk-on-cusp-of-payments-revolution
Paid articlePaid
Bank of England's Ramsden more confident UK inflation risks are ebbing: Bank of England Deputy Governor Dave Ramsden said on Friday that the risk of British ...
reuters.com/world/uk/boes-ramsden-says-inflation-could-hold-around-2-target-over-next-three-years-2024-04-19/
Next BoE deputy governor sees rate cuts coming into view, but can't say when
reuters.com/world/uk/next-boe-deputy-governor-sees-two-sided-risks-policy-outlook-2024-04-16/
UK wage growth slows slightly as Bank of England mulls rate cuts: British core wage growth slowed again, posting its weakest rise since the three months to ...
reuters.com/world/uk/uk-regular-wages-grow-60-3-months-february-2024-04-16/
Quick Glance: Rising Real Earnings Growth Raises Concerns at Bank of England
- An unexpectedly weaker decline in the pace of wage increases has led to real earnings growth reaching its highest level in nearly two and a half years when considering inflation, according to the latest official data.
- Recent official figures indicate that average regular pay without bonuses was at 6% in the three months to February compared to the previous year.
- The broader ONS statistics revealed an increase in the UK's unemployment rate from 3.9% to 4.2%, with caution due to ongoing efforts to enhance the reliability of employment data.
- The forthcoming inflation data expected on Wednesday is likely to demonstrate further progress towards the Bank's objectives and the potential for a decrease from the current 5.25% interest rate.
BoE tells lenders to get data on private equity or risk 'large loss': The Bank of England said on Tuesday that very few banks had a clear idea of their ...
reuters.com/world/uk/boe-tells-lenders-get-data-private-equity-or-risk-large-loss-2024-04-23/
Why economic forecasting is performance art for central bankers: Ben Bernanke’s review is full of sound recommendations but unlikely to alter this opaque process
ft.com/content/475e1fae-1bf6-4aaf-ba07-e249f09cbc78
BOE’s Breeden Says Digital Pound Needed to Keep Grip on Money - Bloomberg: Bank of England Deputy Governor Sarah Breeden signaled growing support for a digital ...
bloomberg.com/news/articles/2024-04-08/boe-s-breeden-says-digital-pound-needed-to-keep-grip-on-money
Paid articlePaid Even a ‘rate shock’ for British mortgage borrowers may not help the banks: The prospect of home loan rates staying high for longer is not the tonic for lenders’ ...
theguardian.com/business/2024/apr/20/even-a-rate-shock-for-british-mortgage-borrowers-may-not-help-the-banks
Bank of England’s Greene says rate cuts should be "a way off": Bank of England policymaker Megan Greene said interest rate cuts in Britain should remain "a way ...
reuters.com/markets/rates-bonds/bank-englands-greene-says-later-start-rate-cuts-better-ft-reports-2024-04-11/
King Charles presented with first banknotes bearing his portrait: British King Charles was presented with the new banknotes of his reign. The king ...
pbs.org/newshour/show/king-charles-presented-with-first-banknotes-bearing-his-portrait
Former Fed chief Bernanke to set out Bank of England reforms: Former Federal Reserve Chair Ben Bernanke will set out on Friday how the Bank of England should ...
reuters.com/world/uk/former-fed-chief-bernanke-set-out-bank-england-reforms-2024-04-11/
UK Economy: Uncertainty surrounds Bank of England’s policy decisions : The UK economy faces a year of mixed signals. EY predicts subdued growth in 2024 ...
wionews.com/videos/uk-economy-uncertainty-surrounds-bank-of-englands-policy-decisions-714061
UK's FTSE 100 rises as traders ramp up rate cut bets: UK's FTSE 100 rose on Friday after dovish comments from Bank of England Deputy Governor Dave Ramsden on ...
reuters.com/markets/europe/uk-stocks-dip-middle-east-woes-set-weekly-declines-2024-04-19/
Bank of England to cut rates in May, Morgan Stanley says, retaining contrarian call
cnbc.com/2024/04/18/bank-of-england-to-cut-rates-in-may-morgan-stanley-says.html
UK lenders expect pickup in mortgage lending, Bank of England says: British lenders expect to see both supply and demand for mortgages to strengthen in the ...
reuters.com/world/uk/uk-lenders-expect-pickup-mortgage-lending-bank-england-says-2024-04-11/
Bank of England appoints Ernst and Young as its external auditor: The Bank of England has appointed Ernst and Young LLP as its external auditor from the ...
reuters.com/world/uk/bank-england-appoints-ernst-young-its-external-auditor-2024-04-09/
Liz Truss is right about the Deep State: “There is no time for finger-pointing,” Liz Truss declares in the introduction to her score-settling autobiographical ...
newstatesman.com/politics/morning-call/2024/04/liz-truss-is-right-about-the-deep-state
UK inflation drops to two and a half year low as food prices cool: Stabilising food inflation and falling house prices both contributed to UK inflation coming ...
euronews.com/business/2024/04/17/uk-inflation-drops-to-two-and-a-half-year-low-as-food-prices-cool
FTSE 100 hits record closing high amid hopes of interest rate cuts: UK’s blue-chip index ended trading at 8,023, its highest close ever, as pound falls against ...
theguardian.com/business/2024/apr/22/ftse-100-record-high-interest-cuts-rate-pound-dollar
With UK's GDP being expanded by 0.1% month-on-month in February and, January's reading revised to show growth of 0.3%, the figures are likely to reinforce the ... Show more www.reuters.com/world/uk/uk-economy-grows-by-01-february-2024-04-12/
Quick Glance: UK on Track to Exit Recession with Rising GDP
- Britain's GDP rose by 0.1% in February despite heavy rainfall affecting the construction sector and retail.
- Sectors like manufacturing and services experienced growth, while construction saw declines due to bad weather.
- Recent months of economic growth suggest the recession may soon come to an end, although pressure from the cost of living crisis and higher prices persists for households and businesses.
- Despite the positive growth in 2024, GDP remains below 2023 levels and has been stagnant since early 2022, with real wages continuing to decrease and many facing financial difficulties.
Morning Bid: Tech, FX clouds clear: A look at the day ahead in European and global markets from Kevin Buckland
reuters.com/markets/global-markets-view-europe-2024-04-18/
Full list of DWP payment dates and money changes in May : NHS prescription costs will rise in May, Ofgem will announce a new price cap and some people will see ...
manchestereveningnews.co.uk/news/cost-of-living/full-list-dwp-payment-dates-29042407
Morning Bid: Fed leads race to cut last: A look at the day ahead in European and global markets from Kevin Buckland
reuters.com/markets/global-markets-view-europe-2024-04-12/
Hunt 'would like to' cut taxes before general election if it can be done 'responsibly'
itv.com/news/2024-04-17/inflation-expected-to-cool-to-two-and-a-half-year-low
Sterling dips as weak UK pay data adds to signs of jobs slowdown: Sterling dipped against the dollar on Monday, as weak pay figures from recruiters added to ...
reuters.com/markets/currencies/sterling-dips-weak-uk-pay-data-adds-signs-jobs-slowdown-2024-04-08/
UK wage growth and services inflation too high for rate cut, BoE's Greene says: Britain's latest wage growth and services price inflation data is too high for ...
reuters.com/world/uk/uk-wage-growth-services-inflation-too-high-rate-cut-boes-greene-says-2024-04-18/
Inflation falls and yet again the boomers are winning: Economics, sadly, are often not fair
inews.co.uk/opinion/why-younger-people-inflation-dropping-excitement-3011538
From ditched Fed rate cut bets to the spring meeting of the IMF and World Bank, these are the business and finance stories to look out for in the week ahead ... Show more www.reuters.com/business/take-five/global-markets-themes-takealook-2024-04-12/
Is Liz Truss not to blame for high mortgages? Claims fact-checked: Liz Truss has refused to take the blame for higher mortgage rates that hit homeowners ...
inews.co.uk/news/liz-truss-high-mortgages-fact-check-3017819
Sack Andrew Bailey as Bank of England boss, says Liz Truss: Ex-PM describes the Treasury, the Bank of England and the Office for Budget Responsibility as a ...
politico.eu/article/chief-bank-england-andrew-bailey-should-be-sacked-liz-truss-says/
Sack Andrew Bailey? Let’s look at the case against him: The Governor of the Bank of England, Andrew Bailey, is a loyal and well-intentioned public servant in a ...
spectator.co.uk/article/sack-andrew-bailey-lets-look-at-the-case-against-him/
Worst news possible for Aussie homeowners: There are fears that interest rates could be hiked again as employment holds strong and inflation remains difficult to ...
news.com.au/finance/economy/interest-rates/fears-interest-rates-could-be-hiked-in-2024/news-story/7be393c0c52b480c16d3c60d53d07c03
UK unemployment rises more than expected as job market cools: The unemployment rate in Britain has risen by more than expected and wage growth has eased back ...
dailysabah.com/business/economy/uk-unemployment-rises-more-than-expected-as-job-market-cools
How has the Bank of England dealt with four years of shocks?: Its credibility is battered but intact. It can do better
economist.com/britain/2024/04/04/how-has-the-bank-of-england-dealt-with-four-years-of-shocks
Bank of England’s forecasting needs urgent revamp, says ex-US Fed chief Bernanke: The BoE’s systems are out of date in a changing world, review said.
politico.eu/article/bernanke-boe-needs-to-open-its-mind-and-its-wallet-to-get-forecasting-right/
Nearly half of UK companies still plan price increases, survey shows: Almost half British firms plan to raise their prices over the coming year as they struggle ...
reuters.com/markets/europe/nearly-half-uk-companies-still-plan-price-increases-survey-shows-2024-04-10/
Fears of more $100 note blues - Trinidad and Tobago Newsday: TUCKED away near the end of the Central Bank’s late-March update on its multi-year strategic plan is ...
newsday.co.tt/2024/04/11/fears-of-more-100-note-blues/
Fed likely to cut rates before ECB blinks, former BOE member says: The Federal Reserve is likely to cut rates before the European Central Bank does ...
cnbc.com/2024/04/11/the-fed-will-cut-rates-before-the-ecb-former-boe-deanne-julius-said.html
Barclays announces new rules for customers and they kicked in 'from today': High street bank Barclays announced that there will be sweeping product changes ...
birminghammail.co.uk/news/cost-of-living/barclays-announces-new-rules-customers-29027949
UK consumers struggle with bills despite easing housing costs: Housing costs are well past last summer’s peak, although affordability issues continue to hamper ...
euronews.com/business/2024/04/10/how-uk-consumers-are-struggling-with-bills-despite-easing-housing-costs
UK house prices fall for first time in six months: Prices fell in March with higher mortgage rates affecting affordability, the Halifax says
bbc.com/news/articles/cz9zle1973xo
IMF warns BoE over keeping UK interest rates high due to fixed-rate mortgages: Risk of declining consumption, house price falls and defaults as tighter policy ...
theguardian.com/business/2024/apr/08/imf-bank-of-england-uk-interest-rates-fixed-rate-mortgages
UK banks to consider private equity risks after BoE warning: Lloyds’ finance chief said his bank was ‘careful’ when it comes to risk, amid pressure on lenders
businesspost.ie/news/uk-banks-to-consider-private-equity-risks-after-boe-warning/
Paid articlePaid BOE’s Jonathan Haskel Warns of Slow Loosening in UK’s Labor Market: Bank of England rate-setter Jonathan Haskel warned that the “very tight” labor market is ...
bloomberg.com/news/articles/2024-04-23/boe-s-haskel-warns-of-slow-loosening-in-uk-s-labor-market
UK Banks Told to Start Stress Testing Private Equity Exposure by Bank of England: The Bank of England found a number of UK banks were unable to measure their ...
bloomberg.com/news/articles/2024-04-23/uk-banks-told-to-start-stress-testing-private-equity-exposure-by-bank-of-england
Paid articlePaid Need to ‘shine a light’ on risks of ‘opaque’ private equity market, says Bank of England
businesspost.ie/news/need-to-shine-a-light-on-risks-of-opaque-private-equity-market-says-bank-of-england/
Paid articlePaid
The ECB wants to solve the problem of incorrect inflation forecasts: The ECB has been quite wrong in its inflation forecasts since Corona. That had consequences ...
faz.net/aktuell/finanzen/die-ezb-will-das-problem-falscher-inflationsprognosen-loesen-19665220.html
UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures
theguardian.com/business/2024/apr/23/uk-bankers-warned-of-severe-losses-if-they-fail-to-monitor-private-equity-exposures
Liz Truss endorses Donald Trump to win US presidential election: Former British PM Liz Truss has endorsed Donald Trump to win this year's US presidential ...
saudigazette.com.sa/article/642114
Quick Glance: Liz Truss: From Premiership to Resignation in 49 Days
- Liz Truss became Prime Minister and resigned after just 49 days, despite her husband's prediction that 'it would all end in tears'.
- Truss assumed office on September 6, 2022, succeeding Boris Johnson, but faced early challenges and personal struggles.
- Despite implementing economic measures and facing political turbulence, Truss resigned after a mini-budget led to a pensions crisis.
- She reflects on her failed tenure, attributing blame to structural issues and drawing parallels to the controversial football manager Brian Clough.
Bank Of England Set To Cut Rates Before The Fed As Officials Turn Dovish: The Bank of England is right to draw a distinction between the UK and US inflation ...
think.ing.com/articles/bank-of-england-set-to-cut-rates-before-the-fed-as-officials-turn-dovish/
Paid articlePaid
North East house prices rising at sharpest rate in the UK: The information comes from the Land Registry.
sunderlandecho.com/lifestyle/homes-and-gardens/north-east-house-prices-rising-at-sharpest-rate-in-the-uk-4595185
Out of Office: Climate, priorities and finance updates: The Business Post gets you up to date with the big stories of the day
businesspost.ie/article/out-of-office-climate-priorities-and-finance-updates/
Banking leaders in Scotland upbeat about profitability: Banking executives in Scotland are optimistic about overall business growth and profitability in the ...
heraldscotland.com/news/24266261.banking-leaders-scotland-upbeat-profitability/
Analysts split on British rate cut timing, even as inflation falls: UK inflation figures brought good news with price rises falling to 3.2 per cent in March ...
businesspost.ie/news-focus/analysts-split-on-british-rate-cut-timing-even-as-inflation-falls/
Paid articlePaid BOE Governor Expects Sharp Drop in UK Inflation Next Month: Bank of England Governor Andrew Bailey expects a sharp drop in Britain’s inflation rate next month ...
bloomberg.com/news/articles/2024-04-17/boe-governor-expects-sharp-drop-in-uk-inflation-next-month
Paid articlePaid UK Is Beating US on Inflation Fight And May Cut Rates Sooner: Britain is starting to rein in inflation at a quicker pace than the US, underscoring a divergence ...
bloomberg.com/news/articles/2024-04-15/uk-is-beating-us-on-inflation-fight-and-may-cut-rates-sooner
Paid articlePaid BOE May Be Able to Cut Interest Rates Before Fed, Andrew Bailey Suggests: Bank of England Governor Andrew Bailey hinted that the UK might be able to lower ...
bloomberg.com/news/articles/2024-04-16/bailey-hints-boe-might-be-able-to-cut-rates-before-fed-in-us
Mr Bates vs the Post Office sparks bitter fight over UK legal funding: Consumers caught in the middle as vested interests beef over how to fund legal cases ...
politico.eu/article/alan-bates-v-post-office-case-inspires-attempted-crackdown-on-uk-legal-funding/
How Iranian banks ‘linked to Tehran’s military’ are still operating in London: Senior Labour and Conservative politicians are calling for two Iranian state-owned ...
inews.co.uk/news/how-iranian-banks-linked-to-tehrans-military-are-still-operating-in-london-3012099
BOE's Lombardelli Opens Door to Bank Publishing Own Interest Rate Path: The Bank of England’s incoming Deputy Governor Clare Lombardelli opened the door to ...
bloomberg.com/news/articles/2024-04-16/lombardelli-opens-door-to-boe-publishing-own-interest-rate-path
Paid articlePaid
Oil settles down 3 per cent as demand worries outweigh Middle East supply risks: Brent futures for June settled down $2.73 at $87.29 a barrel, while U.S ...
theglobeandmail.com/business/industry-news/energy-and-resources/article-oil-prices-dip-as-demand-worries-outweigh-middle-east-supply-risks/
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics