Treasury names new PRA chief
HM Treasury has named Sam Woods as deputy governor for prudential regulation and chief executive of the Prudential Regulation Authority, effective 1 July.
Bank Of England
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BoE to mitigate impact of Brexit uncertainty
Brexit is the biggest near-term domestic risk and the Financial Policy Committee (FPC) will support mitigating actions where possible, the Bank of England has said.
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BoE unanimously holds rates, cuts growth outlook
In an unexpected move, the Bank of England’s (BoE) entire nine-member rate setting committee voted to hold interest rates at 0.5%, and cut its GDP growth forecast.
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Carney kicks rate rise further down the road
Bank of England governor Mark Carney has delivered a speech indicating a first interest rate rise since the 2008 financial crisis is further off than many had thought.
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Carney holds fire on rates as confidence dips
The Bank of England confirmed today rates will be held steady at 0.5% as widely expected just as data emerged showing a small dip in UK consumer confidence.
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PA ANALYSIS: How to profit from cyber-security, the real ‘stress test’
Amid the fallout from the Bank of England’s all-encompassing stress test, there’s already talk about what wasn’t included – particularly a check on the banks’ ability to withstand a cyber-attack.
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PA ANALYSIS: The US and UK are unconsciously ‘de-coupling’
The past week has been one of stark contrasts for the two sides of the ‘special relationship’ in economic terms.
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PA ANALYSIS: Mark Carney, interest rates and Brexit – A thorny dilemma
Could Mark Carney’s dovish comments yesterday have been made with one eye on a ‘Brexit’?
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PA ANALYSIS: Reality check for dovish BoE
The Bank of England eschewed any great fireworks today, releasing the doves instead.
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UK slips into deflation, but rate hike focus remains 2016
The UK slipped in to deflation in September, the Office for National Statistics said on Tuesday. But, while the number came in slightly lower than many economists had predicted, but many are more focused on how it is likely to change going forward.
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Bank of England has missed a trick – M&G’s Woolnough
The Bank of England has missed a trick by holding the interest rate, says M&G’s Richard Woolnough, and there could be significant ramifications.
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Worry about growth not just rate rises – Flanders
As interest rate hikes loom, Stephanie Flanders, JP Morgan Asset Management’s chief market strategist for Europe, scouts the road ahead for global growth.
