The Telegraph (Free subscription) | yesterday
The Bank of England and Treasury are being urged to consider more radical ways of kickstarting Britain's economy as interest rate cuts are failing to have the desired impact.
Adam Smith Institute Blog (Free subscription) | yesterday
Edmund Conway, writing in The Telegraph this week, says he thinks he's partly to blame for the recession. At an interview meeting at the Bank of England a couple of years ago, he saw some scary charts suggesting that the banks were lending far more then they had in their vaults. And that if a problem arose, they would have great difficulties covering the shortfall. Yes, he did report these worries...
TruthNews.us (Free subscription) | 6 hours ago
A former member of the Bank of England's Monetary Policy Committee has predicted a massive collapse of the dollar within the next two to five years, warning that a government increase in spending under President elect Obama could be disastrous.
Market Watch (Free subscription) | yesterday
Facing what many economists expect to be the deepest recession since World War II, the Bank of England is seen as virtually certain to drop the central bank’s key lending rate to the lowest level since its founding in 1694.
euronews24 (Free subscription) | yesterday
The Bank of England begins a historic meeting on Wednesday to slash interest rates for a third month running, bringing them to their lowest ever levels as Britain readies to join a growing list of nations officially in recession. Interest rates have ...
Offshore Services (Free subscription) | yesterday
The real culprit is Gordon Brown, who took banking regulation away from the Bank of England in 1997, and shipped it out East to the Financial Services Authority, in their Canary Wharf tombstone.
The Saloon dot net (Free subscription) | 06/01/2009
Willem Buiter, who served the BOE from June 1997 to May 2000, has stated that he expects to see the plug pulled from under the dollar as foreign investors turn away from the dollar and other US backed assets including government bonds. Writing for the Financial Times, Buiter, now a Professor with the London School of Economics European Institute, comments: “There will, before long (my best guess is...
Business Week (Free subscription) | 06/01/2009
Bank of England Mulls Historic Rate CutThe British central bank meets Jan. 7 amid bleak economic signs to consider cutting rates below 2%—the lowest ever in its 314-year history The Bank of England's Monetary Policy Committee meets tomorrow for an historic session, heralding the lowest interest rates in the Bank's 314-year history and opening up the possibility that the Bank will soon embark on a policy...
Forbes (Free subscription) | 06/01/2009
Where to put your money in low-interest-rate Britain.
Liberal Conspiracy (Free subscription) | 3 hours ago
‘Brown plans to print more money’ was the front-page headline on tonight’s Evening Standard, and tomorrow’s Daily Mail front-page splash follows suit. With interest rates set to fall again in the morning to their lowest level since the Bank of England was founded in 1694, the question is whether government should look at expanding [...]
The Guardian (Free subscription) | 2 hours ago
The chance of winning prize money with premium bonds has plummeted in the last year, following cuts in the Bank of England's base rate, figures revealed last night. The prize fund has been halved from £114m a year ago to £57m for the 20 million people who own the tax-free, but non-interest paying bonds, and over the past year the total number of winners has dropped 600,000 to 1.1million. The amount...
News Scotsman (Free subscription) | 3 hours ago
INTEREST rates are expected to be cut to the lowest level for three centuries today, to 1.5 per cent, as the Bank of England tries to inject confidence into the faltering econ
The Independent (Free subscription) | 3 hours ago
Four months ago, in September, the Bank of England was debating whether to increase interest rates beyond 5 per cent to counter mounting inflation. There were people who thought that crude oil, then $140 a barrel, would soon fetch $200 or even $250. That world now seems light years away.
Times Online (Free subscription) | 3 hours ago
The Bank of England could slash interest rates by half tomorrow, taking them to their lowest level since ... well, ever, really. Unfortunately, the impact on the economy is likely to be of rather less historic proportions.
Times Online (Free subscription) | 4 hours ago
Fears that the power of interest rates to boost the economy is failing have left The Times Monetary Policy Committee sharply split over how the Bank of England should react today.
