Bank of England - updates

Rappler's latest stories on Bank of England

ARTICLE FINDER

UK court sides with Guaido in Venezuela gold dispute

Jul 02, 2020 - 9:10 PM

The rival claims come two years after election results handing President Nicolas Maduro a victory sparked mass protests and a violent police crackdown

UK-RECOGNIZED PRESIDENT. In this file photo, Juan Guaido, acting President of Venezuela, speaks at an event on February 1, 2020 in Miami, Florida. File photo by Saul Martinez/Getty Images/AFP

Church and Bank of England apologize for slavery roles

Jun 19, 2020 - 11:15 AM

Research finds that nearly 100 clergymen and 6 governors plus 4 directors of the bank benefitted from slavery

A pedestrian walks past the Bank of England in London on June 17, 2020. - The Bank of England, confronted by Britain's collapsing coronavirus-ravaged economy, will on June 18 reveal the outcome of its latest monetary policy meeting with analysts predicting more stimulus. The British central bank has been at the forefront of economic fire-fighting over this year's deadly COVID-19 emergency -- and could expand its quantitative easing (QE) stimulus in an attempt to kickstart growth. (Photo by Tolga Akmen / AFP)

Virus-fighting Bank of England pumps out extra £100-billion stimulus

Jun 18, 2020 - 11:05 PM

Analysts say the Bank of England's move is ultimately aimed at avoiding deflation – a spiral of falling prices

A pedestrian walks past the Bank of England in London on June 17, 2020. - The Bank of England, confronted by Britain's collapsing coronavirus-ravaged economy, will on June 18 reveal the outcome of its latest monetary policy meeting with analysts predicting more stimulus. The British central bank has been at the forefront of economic fire-fighting over this year's deadly COVID-19 emergency -- and could expand its quantitative easing (QE) stimulus in an attempt to kickstart growth. (Photo by Tolga Akmen / AFP)

UK risks 'longer and harder recovery' – Bank of England

May 28, 2020 - 8:30 AM

Bank of England Governor Andrew Bailey hints that further interest rate cuts could be in the pipeline

DIRE WARNING. The Bank of England in London. Photo from Shutterstock

Venezuela sues Bank of England over gold reserves

May 22, 2020 - 7:30 AM

The Banco Central de Venezuela demands that the Bank of England release Venezuela's gold reserves for coronavirus response, but Britain does not recognize the authority of the Maduro government

DIRE WARNING. The Bank of England in London. Photo from Shutterstock

Bank of England warns of worst recession in centuries

Apr 24, 2020 - 1:00 AM

'It seems that we are experiencing an economic contraction that is faster and deeper than anything we have seen in the past century, or possibly several centuries,' says economist Gertjan Vlieghe

INTEREST RATE CUT. The Bank of England in London. Photo from Shutterstock

Virus crisis forces UK banks to axe billions in payouts

Apr 01, 2020 - 5:00 PM

Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland, Santander, and Standard Chartered all say they will scrap dividends until the end of 2020

FINED. A logo is pictured above a branch of Barclays bank in central London on July 25, 2018. Photo by Daniel Leal-Olivas/AFP

Top central banks launch new bid to keep dollars flowing

Mar 20, 2020 - 11:10 PM

Starting on Monday, March 23, certain dollar liquidity operations among the banks will occur daily rather than weekly

Bank of England cuts interest rate to record low 0.1%

Mar 20, 2020 - 12:45 AM

'The spread of COVID-19 and the measures being taken to contain the virus will result in an economic shock that could be sharp and large, but should be temporary,' says the Bank of England

Britain deploys 'big bazooka' on coronavirus crisis

Mar 12, 2020 - 8:00 AM

The British government outlines a fiscal stimulus worth £30 billion ($39 billion) in response to the novel coronavirus outbreak

A pedestrian walks along the bank of the Thames with the towers of the City of London in the background in London on March 11, 2020. - Britain on Wednesday unleashed a "big bazooka" of aggressive spending and monetary policy stimulus, assembling an emergency response to the deadly spreading coronavirus -- and warning that it stood ready to act to safeguard the health of the nation and the economy. The British government and the Bank of England launched a coordinated fightback against the country's "significant but temporary" economic impact from the coronavirus, pledging fiscal stimulus worth £30 billion ($39-billion, 34.4-billion euros) and slashing interest rates to a record-low 0.25 percent. (Photo by Tolga Akmen / AFP)

Central banks move to reassure markets after Brexit

Jun 25, 2016 - 11:00 AM

Britain s decision to leave the EU – following a bitterly contested referendum – has rocked global stock markets and sent the pound crashing to its lowest level in more than 3 decades

AFTER BREXIT. This file photo shows a Euro symbol projected onto the European Central Bank (ECB) in Frankfurt am Main, Germany March 12, 2016. File photo by Boris Roessler/EPA

London's City finance hub braces for possible Brexit

May 25, 2016 - 1:30 PM

Big banks insurance giants trading exchanges and accounting firms prepare contingency measures in case Britain leaves the European Union

epa05265778 A general view of the financial district of the City of London, London, Britain, 18 April 2016. The debate continues in British media over the potential economic consequences the UK will face if the so-called 'Brexit' goes ahead. Britain on 23 June will vote in a referendum whether to stay or to leave the Euopean Union. EPA/HANNAH MCKAY

Britain's opposing camps intensify EU referendum campaigns

May 15, 2016 - 8:52 AM

Prime Minister David Cameron fighting for his political future in the June 23 referendum which polls suggest is neck and neck says Britain could slip into recession if it votes to withdraw from the European bloc

BREXIT. Leader of the opposition Labour Party Jeremy Corbyn delivers a speech at a 'Rally to Remain' event in central London on May 14, 2016. Both Cameron and Jeremy Corbyn, leader of main opposition Labour Party, were each out on the Remain campaign trail in search of voter support on Saturday. BEN STANSALL / AFP

Scottish referendum campaign switches focus to Glasgow

Sep 12, 2014 - 7:26 PM

Pro independence leader Alex Salmond says he is confident of victory despite a new poll showing the pro UK campaign recovering lost ground

YES OR NO? A pro-independence poster is pictured with pro-union graffiti in a window in the town of Selkirk on the Scottish side of the border between England and Scotland, on September 11, 2014. Lesley Martin/AFP

Scotland will make history, says pro-independence leader

Sep 11, 2014 - 8:32 PM

Scotland First Minister Alex Salmond: As a country we are rediscovering self confidence as a nation we are finding our voice On September 18 we the people hold our destiny in our own hands

'YES' Scotland's First Minister Alex Salmond delivers a speech during an international press conference in Edinburgh, Scotland, 11 September 2014. Andy Rain/EPA

An independent Scotland: Issues at stake

Sep 09, 2014 - 9:31 PM

UPDATED Money oil the Royal family: Issues Scotland and the United Kingdom need to discuss if Scots decide on independence

UNION IN PERIL? The Saltire, the flag of Scotland, flies beside the Union flag at the site of the Auld Acquaintance cairn, on the banks of the River Sark in Gretna in Scotland, on August 17, 2014. Andy Buchanan/AFP

Bank of England to issue plastic banknotes

Dec 19, 2013 - 12:50 AM

Sterling is the first of the world s major currencies – ahead of the US dollar euro yen and the Swiss franc – to switch to polymer