LONDON: The Bank of England is almost certain to raise borrowing costs on Thursday, nearly all economists polled by Reuters said, marking the third consecutive meeting where it has raised the bank rate as it continues its exit from pandemic-related support. Like most central banks, the BoE slashed interest ratesRead More →
Sunday, March 13, 2022 2:47 PM Bank of England warns against using crypto assets to evade sanctions. The UK’s central bank has called on crypto firms to ensure sanctions are enforced amid the Russia-Ukraine dispute. The Bank of England and the Financial Conduct Authority (FCA) issued a joint statement onRead More →
It’s time to conclude… The Governor of the Bank of England has come under fire from unions and been reprimanded by 10 Downing Street for suggesting workers should not demand big pay rises to help control inflation. Andrew Bailey said he wanted to see “fairly clear restraint” in the annualRead More →
Revolut: branch management Revolut “appoints a dog to the role of C-suite”, says the press release, which does not improve afterward. In a stunt to promote its pet insurance launch, the $33 billion valued kind of bank this week appointed a one-year-old Shiba Inu named Sam as pet leader. JokingRead More →
After the Bank of England raised interest rates in December, the pound steadily climbed to 1.36 against the dollar and 1.20 against the euro. The strength of the pound can partly be explained by a difference in monetary policy, with the Bank of England being one of the first centralRead More →