Tag: Bank Of England

Bank Of England

FEMR Implementation Report Sees “Significant Progress”

The past year has seen “significant progress” in the implementation of the Fair and Effective Markets Review (FEMR) recommendations; however, “the job is far from being done” as a “lack of trust in financial markets” remains and the focus is now on companies and individuals to address issues, according to an implementation report issued today […]

Old Lady “Not a Nurse to Markets”, Says BoE Economist

The Bank of England (BoE) will not ease interest rates just to appease the expectations of the market or to reassure consumers and businesses following the Brexit vote, warned Martin Wheale, an external member of the Monetary Policy Committee (MPC) at the central bank.  In his final speech as a member of the MPC, Wheale […]

BoE Surprisingly Maintains Rates at 0.5%, Expects Stimulus Measures in August

In a surprise move the Bank of England’s Monetary Policy Committee overwhelmingly voted to maintain bank rates at 0.5% Thursday, although it said it expects to take some stimulus measures in August. At its meeting ending July 13, the MPC voted by a majority of 8-1 to maintain bank rate at 0.5%, with one member, […]

BoE Warns of Market Fragility After Brexit Vote

A further deterioration in investor appetite for UK assets, together with a potential rise in the number of vulnerable households and increased fragility in financial markets are among the main risks that the Financial Policy Committee of the Bank of England (BoE) is monitoring, following results of the Brexit referendum on June 23. Some of […]

BoE Expects Monetary Policy Easing in Summer: Carney

The Bank of England (BoE) is expecting that some “monetary policy easing will likely be required over the summer” as the “economic outlook has deteriorated” on the back of the UK voting to leave the EU, the BoE governor Mark Carney said in a speech today at the Bank. In addition, “in order to support […]