bank of england

Official figures show Britain's inflation rate fell to 3.6 percent in the year to January from 4.2 percent a month ago — but remains above the Bank of England's target.

Oct. 6 -- The Bank of England expanded its bond-purchase plan for the first time in almost two years as government budget cuts and Europe's debt crisis jeopardize Britain's economic recovery.

Injecting money into the economy through quantitative easing saved Britain from a double-dip recession, according to analysis by the Bank of England.

Bank governor Mervyn King said Europe's debt crisis and fears of contraction in the US overshadowed the world economy.

The Bank of England has held rates at their historic low of 0.5pc for the 27th consecutive month amid mounting evidence that the recovery is stalling.

The Bank of England's rate-setting panel is divided three ways over how to guide the economy amid persistently high inflation and a slow pace of recovery, according to minutes released Wednesday of the Monetary Policy Committee's last meeting.

Oct. 7 -- Philip Tyson, head of strategy at MF Global UK Ltd., talks about monetary policy decisions by the Bank of England including the possibility of quantitative easing.

Analysing the recent performance of the banking industry, Mr Haldane, the executive director for financial stability at the Bank of England, concludes that it has been as much mirage as miracle.

The recession’s toll on consumers will be laid bare today as Bank of England figures show that nearly a third of workers have had their household income drop by at least £1,200 a year amid soaring unemployment, shorter working hours an

Both the Bank of England and the European Central Bank are looking to see whether current policies have been enough to halt the economic slide in Europe.