Bank of England Governor Mark Carney unveiled plans to fuse BOE departments and integrate its monetary policy, financial stability, markets and supervision roles in the biggest overhaul of the institution this century.
Ben Broadbent and Nemat Shafik will become deputy governors at the Bank of England as Mark Carney leads the biggest management shakeup since the institution gained independence in 1997.
Chancellor of the Exchequer George Osborne is about to name a Bank of England deputy governor as political pressure mounts on him to address the lack of women in top jobs at the central bank.
Bank of England policy makers extended unprecedented stimulus into a sixth year today as they seek to ensure the economy fully recovers from the damage wrought by the financial crisis.
U.K. unemployment unexpectedly rose in the fourth quarter, reinforcing the case for the Bank of England to keep its key interest rate at a record low.
Judging by the Bank of England’s minutes, officials had little to argue about this month on the biggest policy revamp since Mark Carney began forward guidance.
Bank of England Governor Mark Carney’s remolding of forward guidance left one element intact: market disbelief.
Investors who’ve driven 10-year gilt yields higher ever since Mark Carney joined the Bank of England now have the governor’s blessing.
Britain lost its top credit rating by Moody’s Investors Service, which cited weakness in the nation’s growth outlook and challenges to the government’s fiscal consolidation program.
The Bank of England will leave its benchmark interest rate unchanged at a record low in the coming week as policy makers hold off tackling inflation on concerns about the strength of the recovery.
"Current tensions with regard to emerging markets generally and Ukraine in particular highlight that it's too early for them to take away the floor."
- David Tinsley on Mar 20, 2014
Tinsley Says Portugal Yields are ‘Unsustainable’ March 23