Bank of England
Coverage of Bank of England in the Nexus archive.
- Venezuela and its opposition want gold back from Bank of England vaults
Venezuela and its opposition intend to push for access to $4bn in gold bullion stored in Bank of England vaults. This effort is set to proceed after negotiations that received support from the US.
- Venezuela demands its gold back from the UK
Venezuela is demanding its gold back from the UK. Following negotiations backed by the US, both the government and the opposition plan to push for access to $4 billion in bullion held within the Bank of England.
- Bank of England to test stablecoin, digital currency use in cross-border finance
The Bank of England plans to test the use of stablecoins and digital currencies within cross-border finance. This testing initiative will examine these new payment methods' practical applications.
- Lessons in letter writing for the Bank of England
The article analyzes what lessons from Australia can be taught to a new chancellor. It focuses on providing insights for the Bank of England regarding different approaches to Quantitative Easing (QE) and Quantitative Tightening (QT).
- Bank of England: QT bye?
The Bank of England is reevaluating the case for active quantitative tightening as its justification weakens. The article suggests that the rationale for maintaining aggressive QT measures is becoming less compelling.
- BoE holds rates at 3.75% as it waits to see impact of Iran war
The Bank of England (BoE) maintained interest rates at 3.75%, with the Monetary Policy Committee split six to three. Key voters expressed increased confidence that underlying price pressures are receding, as the BoE awaits the impact of the Iran war.
- Bank of England warns on inflation after freezing rate
The Bank of England kept interest rates at 3.75% for a fifth consecutive meeting, warning that inflation will rise again due to high energy prices from the U.S.-Iran conflict. Three BoE policymakers voted to increase rates, while the central bank projected inflation could peak at 3.2% by year-end or rise to 4.5% in 2027 if Middle East tensions escalate.
- US-Iran war looms over Britain’s economy
The Bank of England warned that renewed U.S.-Iran conflict could drive energy prices higher, risking inflation and economic instability in the U.K. The central bank kept interest rates unchanged but acknowledged uncertainty over the war's impact, modeling scenarios where inflation could peak at 3.2–4.5% by 2027. MPC members were divided, with three voting for a rate hike.
- Bank of England keeps key rate at 3.75% for the fifth time this year
The Bank of England maintained its key interest rate at 3.75% for the fifth consecutive meeting, citing a larger-than-expected inflation drop and uncertainty from renewed Iran conflict. The 6-3 decision reflects divided views on managing inflation risks, with three policymakers advocating a rate hike to 4% due to energy price concerns.
- Bank of England keeps key rate at 3.75% for the fifth time this year
The Bank of England maintained its key interest rate at 3.75% for the fifth consecutive month, citing a larger-than-expected drop in inflation to 2.6% and uncertainty over the economic impact of renewed conflict in Iran. A 6-3 split decision highlighted internal tensions, with three policymakers advocating for a rate hike to 4% due to concerns about energy price surges and potential inflationary pressures.
- Bank of England holds rates amid volatile energy prices
The Bank of England has decided to hold interest rates amid fluctuating energy prices. Most rate-setters indicated they are prepared to adjust rates in response to changes in oil and gas costs.
- Bank of England holds UK interest rate steady at 3.75% — but policymakers see upside inflation risk
The Bank of England maintained the UK interest rate at 3.75%, aligning with economists' forecasts. Policymakers highlighted an upside risk to inflation despite the rate hold.
- Bank of England holds interest rates at 3.75%: What it means for your mortgage and savings
The Bank of England has maintained interest rates at 3.75%, with implications for mortgages and savings. This decision affects homeowners and savers as rate stability continues.
- Bank of England Leaves Interest Rates Unchanged
The Bank of England's Monetary Policy Committee voted six-three to maintain interest rates at 3.75%. The decision balanced risks from US-Iran tensions against unexpectedly rapid easing of domestic price pressures, according to a Bloomberg report by Lizzy Burden.
- Bank of England keeps key rate at 3.75% for the fifth time this year
The Bank of England maintained its key interest rate at 3.75% for the fifth consecutive time this year. The decision followed an unexpected decline in the inflation rate last month, providing policymakers time to evaluate the impact of renewed conflict in Iran.
- BoE expected to ‘talk tough’ but leave rates on hold
The Bank of England is expected to adopt a firm tone in its statement but will keep interest rates unchanged. This decision is influenced by renewed volatility in energy prices.
- BOE Expected to Hold Rates as Energy Prices Swing (Video)
The Bank of England (BOE) is expected to maintain current interest rates amid fluctuations in energy prices. The decision reflects uncertainty in energy market stability.
- Bank of England probes Asian equity risk at prime brokers
The Bank of England is investigating risks related to Asian equities at prime brokers, focusing on exposure to the AI sector among hedge funds and other clients of UK-based investment banks. The regulator aims to assess potential financial stability implications from these exposures.
- Bank of England to raise rates this year if energy prices stay high
The Bank of England may increase interest rates this year if energy prices remain elevated. The decision is based on the July forecast from the FT’s Monetary Policy Radar team.
- Central banks expected to hold rates steady
Central banks including the US Federal Reserve, Bank of Japan, and Bank of England are expected to maintain current interest rates this week, with potential future hikes contingent on inflation driven by the Iran conflict. Analysts note that higher rates are unlikely to hinder AI investment, which continues to drive economic growth despite inflationary risks.
- BoE expected to hold rates despite jump in oil prices
The Bank of England (BoE) is expected to maintain interest rates despite rising oil prices. Consumer inflation has fallen below expectations for three consecutive months.
- UK lenders accuse Bank of England of ignoring Wall Street’s capital edge
UK lenders accuse the Bank of England of overlooking the capital advantage of US banks. A study estimates UK banks face an additional £22.5 billion capital burden compared to their US counterparts.
- Rising oil prices could force up UK interest rates, say economists
Rising oil prices could lead to higher UK interest rates later this year, according to economists. The Bank of England is expected to keep rates unchanged this week but faces uncertainty due to renewed conflict in the Middle East affecting energy costs.
- Older workers forced to battle with new starters for junior roles as supply of good jobs dries up, Bank of England reveals
The Bank of England reports that older workers are competing with new starters for junior roles as the supply of good jobs declines. This trend highlights a tightening labor market where experienced workers face challenges securing entry-level positions typically targeted at younger candidates.
- UK wage growth continues to cool while unemployment rate steady
UK wage growth is cooling while the unemployment rate remains steady. The Bank of England is expected to hold interest rates in July due to mixed signals from the labor market.
- Bank of England to stop accepting bonds linked to coal for key loans
The Bank of England will stop accepting bonds linked to thermal coal for key loans starting in October, a decision climate campaigners describe as a victory. The move targets assets tied to one of the most polluting industries, aiming to pressure commercial banks to reconsider fossil fuel-related holdings.
- HSBC wins Bank of England approval to enter Digital Securities Sandbox
HSBC Orion has received approval from the Bank of England to participate in the Digital Securities Sandbox. The first Digital Gilt Instrument transaction is anticipated in the first quarter of 2027.
- Bank of England governor would have put off Farage meeting had £5m gift been under investigation
Bank of England governor Andrew Bailey stated he would have postponed a meeting with Nigel Farage if the Reform UK leader’s £5m gift from crypto billionaire Christopher Harborne had been under investigation at the time. Bailey confirmed he does not regret the September meeting, which occurred before the donation was revealed by the Guardian in April.
- Burnham in sight of Downing Street wins top UK union support
Andy Burnham is leading the Labour leadership contest with 349 nominations, securing support from the Unison union, and is poised to become the UK's next prime minister. He requires backing from two more Labour-affiliated organizations to finalize his leadership bid.
- The Fed and BoE have a trust deficit
The Federal Reserve (Fed) and the Bank of England (BoE) are experiencing a trust deficit. This loss of faith in central banks may be contributing to rising long-term inflation expectations.
- Traders Boost BOE and ECB Rate-Hike Bets After Oil Price Surge
Traders are increasing their bets on rate hikes by the Bank of England (BOE) and the European Central Bank (ECB) following a surge in oil prices. The market reaction suggests higher expectations for future interest rate increases.
- Bank of England hit by internal divisions over shake-up
The Bank of England is experiencing internal divisions over a proposed shake-up. Critics argue that unclear signals from the institution risk confusing bond markets and causing unintended consequences.
- Sterling rises as investors ramp up bets that Bank of England will be forced to raise interest rates
Sterling's value has increased as investors are increasing their bets that the Bank of England will be compelled to raise interest rates.
- Venezuela Asks Britain for $1.95bn of Gold Buried Under London
Venezuela's interim president Delcy Rodríguez has requested the release of $1.95bn in gold held by the Bank of England, which has stored 31 tonnes since 2008. The request comes amid a toll from June 24 earthquakes that killed 3,811 people and injured 16,740.
- The BoE vs AI exuberance
The Bank of England (BoE) is addressing the growing enthusiasm for AI-related investments. The article compares AI bonds to traditional gilts, highlighting their emerging role in financial markets.
- IMF names Silvana Tenreyro as its next chief economist
The IMF has appointed Silvana Tenreyro as its next chief economist. She is a former Bank of England policymaker and will be the second woman to hold the position.
- Bank of England warns an AI crash could plunge UK into recession
The Bank of England warned that a collapse in the AI stock market could trigger a UK recession, projecting a 2.2% GDP decline. Risks include equity market corrections, slower AI adoption, and uncertainty about long-term winners in the sector, with no new regulations planned to address high valuations.
- Bank of England plans to ease capital rules despite AI stability fears
The Bank of England plans to loosen capital requirements for major UK lenders, despite policymakers expressing concerns about financial stability risks from rapid AI advancements and debt-fueled stock investments. The central bank aims to revise rules established after the 2008 financial crisis regarding financial cushions for losses.
- Bank of England sounds alarm over AI as fears of stock market bubble and cyber attack mount
The Bank of England has issued a warning about risks associated with AI, citing concerns over a potential stock market bubble and increased cyber attack threats.
- Virtual Assets Regulatory Authority CEO: Finance’s AI future moves at the speed of its slowest regulator
The Virtual Assets Regulatory Authority (VARA) CEO highlights the critical role of regulators in shaping AI's impact on finance, emphasizing the need for infrastructure innovation to keep pace with virtual assets' programmable and borderless nature. The article contrasts advanced regulatory technology programs in some jurisdictions with outdated methods in others, noting challenges in compliance and the growing integration of tokenized assets into traditional finance.