Bank Of England

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The UK Government has extended the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200m. The move aims to ensure those large firms which do not qualify for the Bank of England’s COVID Corporate Financing Faci

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The Bank of England’s chief economist has suggested that it is considering introducing negative interest rates to help alleviate the economic woes created by the coronavirus pandemic. Andy Haldane said that pushing interest rates to below zero, as well as buying riskier assets under the c

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The Bank of England has warned that the coronavirus pandemic will force the UK economy towards its deepest recession on record. The bank has revealed that the economy was on course to shrink 14% this year, based on the lockdown being relaxed in June.

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Sir John Vickers, former chairman of the Independent Commission on Banking, has called upon the Bank of England to block more than £7.5 billion of dividends to be paid out by banks. The call, adds to the mounting pressure on the bank's governor, Andrew Bailey, to force banks to scrap payout pl

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The Bank of England has launched its emergency liquidity scheme to make sure banks have enough cash, as it warned that immediate disruption from the pandemic could be more severe than its banking stress tests. Underlining the risks to the financial system, the Bank of England has activated its conti

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The Bank of England has announced a second cut to interest rates amid a series of measures in response to the coronavirus pandemic. The Bank's Monetary Policy Committee (MPC) has voted to bring the interest rate to 0.1%, down from 0.25%, the lowest rate in its history and the second cut in just over

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The Bank of England is considering introducing electronic banknotes for use by consumers and businesses. Mark Carney, the bank's outgoing governor, said that the bank was in the "middle of a revolution in payments". He urged that the bank must look into how electronic money could work.

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Despite anticipations of a rate cut, the Bank of England has not cut its interest rates, holding the rate at 0.75%. The bank announced today that its Monetary Policy Committee has voted by a majority of 7-2 to maintain the rate.

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The Financial Conduct Authority (FCA) and the Bank of England (BoE) today outlined their proposals for data reforms across the UK financial sector. Both authorities have outlined their plans to develop their data and analytics capabilities. The FCA and BoE both depend on access to high-quality data

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