Bank of England
Bank of England currency printer De La Rue sold for £300m
Crane NXT, a New York-listed industrial technology business, completed the acquisition of De La Rue's authentication section late Monday night. An American predator is near to completing a £300 million acquisition of a division of De La Rue, the Bank of England's banknote printer, signaling the end of the historic company. On Monday night, Crane NXT, a New York-listed industrial technology company, was close to completing a buyout of De La Rue's authentication arm on Monday night.
Bumper US interest rate cuts try to revive sagging economy
Central banks worldwide are examining the cost of borrowing, with the majority planning to lower interest rates. On Thursday, the Bank of England will review whether the UK economy is prepared for another rate decrease. US interest rates have been cut for the first time in more than four years, and by more than many predicted, on fears that the world's most excellent economy is slowing.
More mortgage rate cuts as Nationwide offers 3.83%
Major lenders continue to cut mortgage rates daily, with Nationwide launching a new market-best purchase tomorrow. The building society is preparing a five-year fixed rate of 3.83 per cent, the lowest mortgage available from any lender. It applies to both new and existing Nationwide customers who are moving house. It costs £1,499. The mortgage has a 4.1 percent interest rate if no fees are paid.
Bank of England worried as real earnings surge
Although the wage figures appear to be positive for households, the Bank of England may continue to anticipate stubbornly high core wage growth. According to the most recent official data, real earnings growth, including inflation, has reached its greatest level in nearly two and a half years due to a slower deceleration in wage increases than initially anticipated.
Bank of England sees upturn signs in economy
The Governor of the Bank of England stated that, despite the country entering a recession in late 2018, there are "clear indications of a recovery" in the UK economy. Andrew Bailey explained to the committee of Members of Parliament that he believed the recession would be one of the shallowest of any in modern history, while justifying the Bank's efforts to reduce inflationary pressures by curbing economic demand.
Interest rate drop near for Bank of England
Interest rate drop near for Bank of England
Bank of England maintains 5.25% rate for third time
Bank of England maintains 5.25% rate for third time
Mortgage approvals hit January low, Bank of England reports.
As the Bank of England planned its next borrowing costs position, rising interest rates had further effects. Lowest Mortgage Approvals ...
Bank of England Leaves Interest Rates Unchanged After 14 Consecutive Hikes
In a surprising turn of events, the Bank of England has decided to keep UK interest rates at their current ...
Ex-US banker to assess Bank of England projections
Former US Federal Reserve Chairman Ben Bernanke will oversee an assessment of the Bank of England’s forecasts. The appointment comes ...
Bank of England suffered 7.3% wage growth from March to May.
The financial markets are largely anticipating that the Federal Reserve will increase interest rates by a further 0.5 percentage point ...
11th rate hike in 18 months by Bank of England
Inflation jumped unexpectedly to 10.4% in February, according to data published yesterday. The Bank of England is anticipated to raise ...