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Category: Bank of EnglandSyndicate content

The Bank of England has slashed its growth forecast as the recession continues to intensify.

Details of a scheme designed to boost lending by banks to SMEs will be unveiled later today by the Bank of England and the Treasury.

The Monetary Policy Committee of the Bank of England has announced that interest rates are to be held at 0.5 per cent for the 21st consecutive month.

Economic recovery will survive the recently announced public spending cuts because the private sector should provide new jobs and growth, a Bank of England policymaker said today.

Bank of England held its key interest rate steady at a record-low level of 0.5%, where it has stood for 17 months, it announced today.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%.

Consumer price inflation jumped to a 17-month high in April, mainly due to rises in tax on alcohol and tobacco.

The Bank of England’s latest economic forecast, along with the monthly employment figures also announced today, have given the new coalition government an immediate report on the state of the economy.

Unemployment threatens to hamper the economic recovery as fearful households cut back on spending, the Bank of England has warned.

The Bank of England today kept interest rates at 0.5 per cent, a decision that was widely expected.

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Five Minutes With

David Hughes sums up his entrepreneurial career to date thus: four spectacular successes and two failures. He founded the sports retailer Allsports and achieved turnover of £180 million before a vicious price war meant decline, administration in 2005 and a sell-off to rival JD Sports.

It took Richard Shonn, managing director of 151 Products, three years to find a warehouse big enough for his requirements.