LONDON (Reuters) – Britain’s very high inflation risks distracting businesses from the longer-term decisions needed to boost ailing productivity, Bank of England policymaker Catherine Mann said in a podcast released…
LONDON – Bank of England Chief Economist Huw Pill said on Wednesday that central banks are able to take tough decisions on monetary policy, in contrast to governments that are…
LONDON -Bank of England chief economist Huw Pill said on Thursday that he would consider a faster pace of interest rate rises to tackle “uncomfortably high” inflation, but only if…
By David Milliken LONDON -Central banks should move quickly when raising interest rates, because of the risk that persistent inflationary trends may be taking hold, Bank of England policymaker Catherine…
(Reuters) – Andrew Bailey, the governor of the Bank of England, opposes plans drawn up by Britain’s Treasury to overrule financial regulators, Sky News reported on Saturday. Bailey has expressed…
By David Milliken and Andy Bruce LONDON – The Bank of England’s monetary policy must focus on its main goal of controlling inflation, rather than trying too hard to stabilise…
LONDON – Bitcoin’s slump on Monday after major U.S. crypto lending company Celsius Network froze withdrawals should remind investors that most crypto-assets have no intrinsic value, Bank of England Governor…
LONDON – Bank of England policymaker Michael Saunders said the neutral rate of interest – the level at which it neither stimulates nor restrains demand – might be somewhere in…
LONDON – Quantitative easing may be the wrong tool to tackle any future episodes of bond market turmoil, especially given how high inflation is now, Bank of England Chief Economist…
By William Schomberg LONDON -Bank of England Deputy Governor Jon Cunliffe said the crisis triggered by Russia’s invasion of Ukraine would add to risks in financial markets which have already…
LONDON -The surge in energy prices caused by Russia’s invasion of Ukraine will hurt British economic growth as well as raising short-term inflation pressures, Bank of England policymaker Silvana Tenreyro…
By William Schomberg and David Milliken LONDON -Bank of England policymaker Michael Saunders said Russia’s invasion of Ukraine is likely to push Britain’s soaring inflation higher, but that it is…
By David Milliken LONDON – Bank of England policymaker Silvana Tenreyro said on Wednesday that she – like other BoE policymakers – saw a case for higher interest rates to…
LONDON – Bank of England Governor Andrew Bailey and other top officials from the British central bank spoke to lawmakers on Wednesday about their decision earlier this month to raise…
LONDON – Britain is in the midst of its most challenging period for monetary policy since it started to target inflation 30 years ago, Bank of England Deputy Governor Ben…