BoE

Sterling slumped against the US dollar after the Bank of England's chief economist Andy Haldane said the UK has an equal chance of seeing a rate cut as a rate hike, contrary to consensus expectations.

The Bank of England may have to resort to the interest rate cut that Governor Mark Carney alluded to in his Inflation Report speech this morning, according to some market watchers.

Net lending to individuals increased by just £0.9bn in March, lower than both February's increase and the six-month average, according to Bank of England figures.

Two former Credit Suisse brokers each face a $5m fine and up to 20 years in jail after being charged with fraudulently selling complex US securities to clients in order to boost their commissions, according to The Times.

In an unprecedented move, a member of the Bank of England's Monetary Policy Committee (MPC) has criticised the Bank for complacency and "wishful thinking", predicting that two million people will be out of work by Christmas and that house prices will...

The economy is facing a period at "least as challenging" as the 1970s, when Britain sank into a deep recession, the deputy governor of the Bank of England, Charles Bean, warned yesterday, The Guardian reports.

Inflation will peak at 5% in the coming months while economic growth will remain "flat" until well into next year, the Bank of England (BoE) predicted today.

Britain's economy is tipping headlong into a recession that could last more than a year and cost hundreds of thousands of jobs, warns Professor David Blanchflower, a member of the Bank of England's interest rate committee, in an interview with The Guardian...

Chancellor Alistair Darling has outlined plans for a new banking bill which will see the Bank of England (BoE) given powers for UK's financial stability along with added controls to the FSA.

Mervyn King, the Governor of the Bank of England, gave a stark warning yesterday that the financial excesses of recent years will lead to misery for homeowners, The Independent reports.