Treasury Secretary Scott Bessent Is Named Acting Head of CFPB
Newly confirmed Treasury Secretary Scott Bessent is now also the acting director of the Consumer Financial Protection Bureau.
Bank of England set to cut interest rates to 4.5% in first decision of year
The Bank of England is set to cut interest rates in its next meeting this Thursday from 4.75% to 4.5%, following ...
Bank of England readies rate cut and could hint at more to come
The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster ...
Bank of England Launches Tool to Calm Gilt Market in Times of Distress
LONDON (Reuters) -The Bank of England launched on Tuesday a new financial stability tool that insurers and pension funds can ...
Sterling treads water as markets look to Bank of England
The pound was little changed on Thursday as markets were focused on a raft of major central bank meetings that will culminate ...
The Pound’s Slump Adds to Inflation Headache at Bank of England
The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the ...
Volatile borrowing costs stir memories of UK's pensions crisis — but insiders say this time, it's a ‘nice opportunity'
A sharp spike in U.K. borrowing costs this year triggered memories of the 2022 “mini-budget” crisis, which rocked the country ...
Traders are moving so much gold from the Bank of England to the U.S. to avoid Trump tariffs that the waiting time has reportedly octupled
London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them ...
Two lenders cut mortgage rates ahead of Bank of England decision on Thursday
The Bank of England is expected to cut interest rates when it meets later this week, which could lead to further mortgage ...
Bank of England to cut interest rates as growth fears build
City experts think the Bank of England will cut interest rates on Thursday, as concerns about the economy grow.
Bank of England poised to slash interest rates in boost to one group of people
The cut should feed through relatively quickly to the 1.5 million homebuyers with mortgages that track the Bank of England base rate, giving these individuals a noticeable boost. However, it is likely ...
Bank of England expected to cut interest rates again as UK economy stagnates
The BoE is also grappling with sagging UK business confidence and surveys point to corporate redundancies. Data suggests the UK economy probably failed to grow in the final months of 2024.