Bank Of England

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

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.

The British Chambers of Commerce (BCC) has welcomed the Bank of England's decision to cut interest rates, saying that the "decisive action" will "support the economy at this delicate moment". In an emergency response to the economic impact of the Coronavirus outbreak, the Bank of England today

Finance ministers from the G7 group of nations have said that they will use "all appropriate policy tools" to handle the economic impact of coronavirus.

A new polymer £20 note featuring artist JMW Turner has entered circulation for the first time, the Bank of England has announced.

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.

The UK's inflation rate decreased to its lowest point for more than three years in December, adding weight to the notion that interest rates could be cut.

For the first time in six years, consumers have repaid more credit card debt than they have borrowed, according to new data collected by the Bank of England. 

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

Andrew Bailey, the current chief executive of the Financial Conduct Authority (FCA), has been appointed as the next governor of the Bank of England. Mr Bailey will become the 121st governor of the bank on 16 March 2020.

De La Rue, the world's largest printer of money is running out of money. De La Rue has printed bank notes for the Bank of England since 1860 and also prints currency for a further 140 countries, issued a warning last week that there was "significant doubt" regarding its future.

The Bank of England, Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have today published a shared policy summary and co-ordinated consultation papers (CPs) on new requirements to strengthen operational resilience in the financial services sector. Building the operat

Small and medium-sized businesses (SMEs) in Britain are set to miss out on £3 billion in lost interest over the next year, according to new research.

The Financial Conduct Authority (FCA) has confirmed new rules which apply to certain types of open-ended fund investing in inherently illiquid assets such as property. The new rules apply to these funds, known as non-UCITS retail schemes (NURSs), but will not apply to other types of fund, such as UC

The Bank of England's new polymer £50 note will feature imagery depicting Alan Turing and his work, the bank announced today. Alan Turing was chosen following the bank's character selection process, including advice from scientific experts and a six-week public nomination period, with the fina