Siobhan Kennedy
It would have been more of a surprise today had the Bank of England NOT raised interest rates. Having made it clear on several recent occasions that rising inflation meant a rate hike was imminent, Mark Carney would have earned his moniker as the “unreliable boyfriend” had nothing actually happened. But something very important did…
Financial analyst Louise Cooper and Rupert Harrison, an economist at investment management firm BlackRock who previously worked as chief of staff to George Osborne when he was the Chancellor, discuss the interest rate rise.
“This is good news,” said the Governor of the Bank England about the decision to raise interest rates for the first time in a decade. From 0.25 to 0.5 percent. Doubled but still to no more than a whisker. So what will that mean for the millions of us with mortgages and credit card debt?
Household debt can be dangerous when it’s taken to excess, the Bank of England has warned – telling high street banks, credit card firms and car loan providers they risk fresh action against reckless lending. The bank’s director for financial stability Alex Brazier said banks were getting into a “spiral of complacency” over mounting levels…
Last night Mark Carney, governor of the Bank of England, issued a stark warning about the future of capitalism.
Siobhan Kennedy
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.
Siobhan Kennedy
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.
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.
In “Pirates of Canary Wharf” that went on for years. It was un-ethical behaviour that “became the norm” – Mark Carney will say tonight.
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?
Siobhan Kennedy
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.
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.
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.
Revelations of apparent wrongdoing at a branch of the HSBC bank in Geneva have put the bank, and its former chairman Lord Green, in the spotlight. This is how the story unfolded.
London is a global haven for criminal financial activity – with billions of pounds laundered through British banks each day, according to the head of the UK’s National Crime Agency.