The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.
The Bank of England’s regulatory arm set out a string of ideas that could meet the government’s call to boost economic growth, including a new “concierge service” for foreign firms entering the UK market and streamlining the process for creating new rules.
UK food prices climbed at the fastest pace in nine months at the start of 2025, adding to a growing list of inflation threats for the Bank of England to grapple with at its crucial meeting next week.Most Read from BloombergWhat Happened to Hanging Out on the Street?
The UK delayed its implementation of a significant update to international bank capital rules for a third time to allow for more clarity over its rollout in the US.
Additional Tier 1 bonds should not be part of banks’ capital stack if and when the Bank of England decides to overhaul its rules, an adviser at the central bank specializing in regulatory capital said at an industry event.
UK employment plunged in the weeks after Labour increased payroll taxes in its first budget, reinforcing the case for the Bank of England to continue cutting interest rates.Most Read from BloombergHow
In its outlook report, the BOJ raised most of its inflation projections, with all six of them currently at 2% or more for the first time since it started publishing them.
Mr Carney, who is also chairman of the board of Bloomberg and UN special envoy for climate action and finance, previously served as governor of the Canadian central bank from 2008 to 2013 and of the Bank of England from 2013 to 2020. He was branded the ...
Former Bank of England governor Mark Carney has entered the race to replace Canadian prime minister Justin Trudeau.
Bank of Japan Governor Kazuo Ueda will size up the need to raise interest rates on Friday amid heightened expectations of a hike — and barring a market shock triggered by Donald Trump’s first few days in the White House.
The UK government’s new idea to boost growth is in fact an old favorite: business-friendly deregulation. The appeal, for a cash-strapped Labour administration that’s already ramped up taxes, is that it’s free.
Bank of England Governor Andrew Bailey said that “very big decisions” will be needed to stop Britain’s public debt pile spiraling higher, as he gave his backing to the government’s efforts to boost growth.