World’s central banks set policy for economies shaken by the war
Global central banks this week will offer the biggest collective assessment of a changed world since Russia’s invasion of Ukraine.
London's financial district, steeped in slavery, confronts its past
Lloyd's and the Bank of England have each hired a historian to delve into their roles in the slave trade and are planning on publicizing the results in the next year.
Changing the climate of financial regulation
Despite the growing costs of climate change, U.S. financial regulators have yet to show they are thinking creatively about potential solutions.
Working from home driving U.K. property price surge, says Bank of England
The increase reflects a shift in preferences for bigger houses, since more consumers expect to need office space at home, according to the bank.
'Britcoin' not bitcoin? U.K. considers new digital currency
A Bank of England-backed digital version of sterling would potentially allow businesses and consumers to hold accounts directly with the bank and to sidestep others when making payments.
U.K. firms apologize for slavery links as Bank of England plans to remove pictures
Global protests sparked by the killing of George Floyd are pushing the U.K. to acknowledge past links to slavery and racism. The Bank of England apologized for the involvement of some of its former governors and directors in the slave trade and is reviewing its ...
Bank of England toolkit may include bond buying policy made in Japan
U.K. investors are looking east to work out what more the Bank of England may do to help support the country’s coronavirus-addled economy.
World needs to end risky reliance on U.S. dollar, BoE's Mark Carney says
Bank of England Gov. Mark Carney took aim at the dollar's "destabilizing" role in the global economy on Friday and said central banks might need to join together to create their own replacement reserve currency. The dollar's dominance of the global financial system increases the ...
Bank of England picks gay World War II code-breaker Alan Turing for new £50 bank note
Mathematician Alan Turing, whose cracking of a Nazi code helped the Allies to win World War II but who committed suicide after being convicted for homosexuality, will appear on the Bank of England's new £50 banknote, the central bank said Monday. "As the father ...
Dovish Bank of England has economists scaling back on hike views
The Bank of England's pessimistic view of the U.K. has left economists scrambling to rewrite their expectations for future action. In its Inflation Report on Thursday, the central bank cut its forecast for growth this year to the weakest in a decade and predicted a ...
Bank of England chief goes further than U.K. government in gloomy Brexit analysis
Bank of England Gov. Mark Carney has never shied away from doomsday Brexit warnings, but in his latest analysis he has gone further than ever. While the BOE and the government both assume the economy could be as much as 11 percent smaller than if ...
