Bank of England

Credit ratings agency Moody's downgraded six Canadian banks last night over fears the lenders had become more vulnerable to downside risks and rising house prices.

Incoming Bank of England Governor Mark Carney intends to place economic growth at the top of his priority list when he takes on his new role.

The Monetary Policy Committee (MPC) voted unanimously to hold the bank rate at 0.5% at the last meeting, while all but one member voted to maintain the QE programme at £375bn.

The outgoing governor of the Bank of England (BoE), Mervyn King, has said it may be time to review the UK's inflation target, but rejected a suggestion by his successor that central bankers should abandon inflation targeting altogether in times of economic...

The imminent departure of Mervyn King from the Bank of England has brought about renewed debate over the framing of the policy target set by the Treasury for the Monetary Policy Committee.

Fund managers and strategists have begun reducing exposure to sterling, amid fears rising inflation and the threat of a UK downgrade could derail the pound.

Today the MPC left interest rates untouched for another month in a widely expected move, while leaving quantitative easing on hold, but calls for the Bank to take a more pro-active approach to boost growth are getting louder.

The Bank of England's Monetary Policy Committee (MPC) has once again kept interest rates unchanged and quantitative easing on hold in a widely expected decision.

FUND MANAGER VIEWS

The LIBOR-rigging scandal that engulfed the banks in 2012 further dented their badly tarnished reputation and dealt another blow to public confidence, leaving investors uncertain how to play the sector.