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BOE sees rise in GDP and prices

Business | Macro-economy and policy
2009-11-12

THE Bank of England raised its forecasts for economic growth and inflation yesterday, but warned that Britain's economic recovery is just beginning and that its strength remains "highly uncertain." BOE Governor...

BOE members united in decision to hold rates

Business | Macro-economy and policy
2009-10-22

BANK of England policy makers were unanimous in their decision this month not to change interest rates or their money supply program, citing improvements in markets and economic data, the meeting's minutes showed...

Financial system yet to recover: UK official

Business | Macro-economy and policy
2009-10-19

THE Bank of England must continue its policy of quantitative easing (QE) because the financial system has yet to recover fully, United Kingdom Monetary Policy Committee member Adam Posen said yesterday. He told...

Net lending declines to record low in Britain

Business | Banking
2009-9-19

NET lending to businesses and for home mortgages slumped to record lows in July and may have dropped further in August, the Bank of England said yesterday, suggesting economic recovery will be slow as credit activity...

Division within BOE surprises markets

Business | Macro-economy and policy
2009-8-20

THE Bank of England surprised markets for the second time this month by revealing yesterday that its rate-setting committee was split on how far it should increase its program to boost the money supply with asset purchases. ...

BOE sees positive short-term indicators

Business | Macro-economy and policy
2009-8-13

THE traditionally cautious Bank of England struck a note of optimism yesterday, highlighting positive short-term signs on the economy and forecasting a likely return to growth in the next few quarters. But the...

BOE decision shocks market

Business | Macro-economy and policy
2009-8-7

THE Bank of England took a far bigger step than expected to boost Britain's recession-hit economy yesterday, stunning markets by expanding its quantitative easing plan to 175 billion pounds (US$294 billion) from 125...

Bank of England unanimous on low rate

Business | Macro-economy and policy
2009-7-23

THE Bank of England's rate-setting body was unanimous when it voted to keep its key interest rate at a record low of 0.5 percent and said it would assess whether it needed another 25 billion pounds (US$41 billion)...

BOE holds key rate steady and injects cash

Business | Macro-economy and policy
2009-7-10

THE Bank of England kept its key interest rate on hold at a record low of 0.5 percent yesterday and said that it would continue with its 125 billion pound (US$201.4 billion) planned cash injection into the British...

Worst of recession over in UK but manufacturing output falls

Business | Macro-economy and policy
2009-7-8

THE worst of Britain's recession is over, but the Bank of England should still print more money because recovery is not assured, a business group said yesterday. A separate report showed that manufacturing output...