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Bank of England

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Bank of England hawk signals interest rate cut to tackle slowdown

The Guardian - ‎10 hours ago‎
The prospect of a UK interest rate cut next week was virtually confirmed on Tuesday after a key member of the Bank of England's policymaking committee warned the economy was in a worse state than he expected just a week ago. In a sudden U-turn from his ...
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Bank of England policymaker backs stimulus as UK economy worsens – as it happened

The Guardian - ‎20 hours ago‎
Ahead of some key central bank meetings this week, notably the US Federal Reserve and the Bank of Japan, investors managed to hold their nerve.

Bank of England to cut key rate August 4, hold off on QE for now - Reuters poll

Reuters UK - ‎21 hours ago‎
LONDON The Bank of England is almost certain to cut benchmark borrowing costs when it sets policy on Aug. 4, but a slim majority of economists in a Reuters poll said it would hold off for now on restarting its asset purchase programme.
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Second Bout of Weakness will Push Pound to Euro Exchange Rate to 1.12 Argues JP Morgan's Normand

Pound Sterling Live - ‎2 hours ago‎
The outlook for the British Pound now rests almost exclusively with the Bank of England who meet on the 4th of August to deliver what is expected to be notable changes to their policy settings.
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HSBC trader at centre of fraud probe sat on Bank of England forex panel - ‎Jul 21, 2016‎
The former HSBC currency trader at the heart of a US fraud investigation spent more than two years on a panel that advised the Bank of England, it has emerged, as the Department of Justice widens its probe to examine more currency trades. Stuart Scott ...

Bank of England's Weale shifts stance after weak UK data - FT

Yahoo Finance UK - ‎Jul 25, 2016‎
LONDON (Reuters) - Bank of England policymaker Martin Weale said he saw the economic outlook differently after much weaker than expected British purchasing managers' data, in an interview published on Tuesday, a week after he said there was no ...
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Bank of England Hints Back Stimulus Expectations

Yahoo Finance UK - ‎21 hours ago‎
July 26 -- In today's "Morning Must Read," Bloomberg's Tom Keene highlights comments on expectations for stimulus next month from the Bank of England. He speaks on "Bloomberg Surveillance." ...
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Need for interest rate cut called into question by Bank of England expert

The Guardian - ‎Jul 18, 2016‎
Weale said the Bank would have to balance the likely reduction in demand against upward pressure on inflation when it make its decision.
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Bank of England policymaker says no rush to cut interest rates – as it happened

The Guardian - ‎Jul 18, 2016‎
A drop in the oil price has taken the shine off some reasonable company results, with Bank of America beating expectations with its second quarter figures.
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Euro Gains Versus Pound After Bank of England's Weale 'about turns'

Currency Watch - ‎Jul 26, 2016‎
The pound weakened on Tuesday after a Bank of England (BOE) rate-setter who is known for normally being optimistic, surprised markets by turning 180 degrees and adopting an unequivocal pro-stimulus stance instead.
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Bank of England chief economist calls for big post-Brexit stimulus

The Guardian - ‎Jul 15, 2016‎
The Bank of England's chief economist has called for a big package of measures to support the UK's post-Brexit economy, stressing the need for a prompt and robust response to the uncertainty.
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Bank of England to close personal banking service for employees

The Guardian - ‎Jul 17, 2016‎
Staff had been able to access Bank of England accounts for personal use, even after retirement. But the Bank has confirmed that the service is coming to an end following a cost-cutting review initiated by its governor, Mark Carney, soon after he ...
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UK banks prepare response to expected interest rate cut

The Guardian - ‎Jul 24, 2016‎
Expectations are also mounting that the Bank of England will cut interest rates from an already historic low of 0.5% on 4 August, which will put pressure on bank profits.

UK banks show little demand for Bank of England liquidity funds

Reuters - ‎Jul 26, 2016‎
Lenders bid for and received just 75 million pounds ($98 million) of six-month central bank funds at the BoE's Bank Rate, currently 0.5 percent. This was down from a total 250 million pounds last week. After Britain voted to leave the European Union ...
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The Bank of England's Great Inflation Divide

Bloomberg - ‎Jul 24, 2016‎
As Bank of England officials gather this week to decipher the latest post-Brexit reports, they'll probably assess a nasty outlook of slowing growth and faster inflation.
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Hold fire on interest rate change, says top Bank of England official - ‎Jul 18, 2016‎
The Bank of England was right to keep interest rates on hold in July, according to a top official, who said there was little evidence that households and businesses were "panic-struck" following the Brexit vote.