Bank of England


post 26 February 2016
Read more from Paul Mason on his blog Mark Carney's last chance saloon warning on the global economy

Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.

post 07 August 2015
Read more from Siobhan Kennedy Was the Governor flip-flopping on interest rates?

Mark Carney is saying that in order to stop inflation overshooting the target, we might have to start raising rates more quickly or more steeply than yesterday's report would imply.

post 06 August 2015
Read more from Siobhan Kennedy MPC split 8-1 - but interest rates kept on hold at 0.5 per cent

At least one member of the Bank of England's monetary policy committee voted for an increase in interest rates in the August meeting, the minutes of the meeting reveal today.

article 02 July 2015 World
Referendum yes supporters protest in Athens (Reuters)
Greece referendum: Syriza urges voters to reject bailout

Politicians with Greece's ruling Syriza party, including Prime Minister Tsipras, say the country should vote no in Sunday's referendum, as the Bank of England warns of a "very dangerous" situation.

post 10 June 2015
Read more from Paul Mason on his blog Ethical drift: City to break with Jack Sparrow doctrine?

In "Pirates of Canary Wharf" that went on for years. It was un-ethical behaviour that "became the norm" - Mark Carney will say tonight.

article 24 March 2015 UK
Ten-pound note (Getty Images)
Inflation at zero per cent - and now for the bad news

Inflation is no more. The annual inflation rate is zero for the first time on record. So is the dawn of deflation a good or a bad thing?

post 05 March 2015
Read more from Siobhan Kennedy Bank of England fraud probe: serious questions to be answered

The implication that bank traders rigged the market during the emergency money auctions designed to prop up the banks at the height of the financial crisis, is potentially the most shocking of all.

article 15 February 2015 Business
HSBC says sorry as tax avoidance row grows

As HSBC issues an apology over tax allegations, Business Secretary Vince Cable says HM Revenue and Customs "could be doing a great deal more" to address such issues.

article 12 February 2015 UK
Carney: Inflation could fall below zero by spring

The UK could experience negative inflation this spring, warns Bank of England Governor Mark Carney, but he says, if needed, the bank is prepared to cut interest rates to prevent long-term deflation.