The Bank of England’s bond purchase programme is creating a “moral hazard” by funding companies which emit large amounts of carbon dioxide, according to a group of MPs.
The Bank of England needs to improve its own understanding of its quantitative easing programme to improve its effectiveness, according to the bank’s internal watchdog.
The UK’s GDP is forecast to decrease by as much as 3.6% in the final three months of this year as result of the second lockdown, according to advisory firm PwC.
Monetary policy will attempt to combat long-term scarring to UK GDP from Covid-19 forecast at £40bn a year, according to a deputy governor of the Bank of England.
Chancellor Rishi Sunak has announced the UK is set to issue its first sovereign green bond next year, in a bid to help meet the government’s 2050 carbon net zero target.
Ratings agency Moody’s has downgraded the UK’s credit rating for the third time in eight years, citing factors including a deterioration in the quality of the government’s fiscal decision-making.
The UK is unlikely to see negative interest rates “imminently”, according to David Ramsden, deputy governor for markets and banking at the Bank of England.
The Bank of England has outlined plans to explore how negative interest rates could be implemented for the first time, to help the UK’s economic recovery from Covid-19.
The Bank of England will continue to review the potential of negative interest rates, to help stimulate the UK’s economic recovery from Covid-19, it said today.
The UK’s economic recovery from Covid-19 may not take place until late-2024, as hopes of a V-shaped recovery “diminish”, according to economists at advisory firm EY.
Bank of England chief economist Andy Haldane has suggested negative interest rates could be implemented if further negative shocks are felt in the economy.
Mario Pisani and Neeraj Patel from the Treasury talk about their department and the Bank of England’s revamped working relationship, which aims to ensure the Bank is more resilient to...
A programme to streamline the Bank of England is on course to be completed £25m under budget but shortcomings have arisen, the National Audit Office has found.
The Bank of England should end its extraordinary policies of ultra low interest rates and quantitative easing immediately, according to the Centre for Policy Studies think-tank.
The prospect of Britain leaving the European Union following the upcoming referendum represents the “biggest domestic risk” to the economy, the Bank of England governor Mark Carney has...
Facts and figures from the December 2015 edition of Public Finance magazine, including pay growth, Bank of England forecasts, international health provision, student satisfaction, and refugee numbers.
After five years of downbeat and depressing press conferences, Sir Mervyn King actually sounded quite chirpy in his last hurrah as Bank of England governor
