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Bank Of England

Bank Of England Hikes Interest Rates For Fifth Straight Time To Address Inflation

Bank Of England Hikes Interest Rates For Fifth Straight Time To Address Inflation

The Bank of England has initiated its fifth consecutive interest rate hike with a 25 basis point uptick to 1.25%.

Jun 16, 2022, 9:53 AM

Market Turmoil: What Does The Future Have In Store For UK Businesses Amid Rising Interest Rates And Soaring Inflation?

Market Turmoil: What Does The Future Have In Store For UK Businesses Amid Rising Interest Rates And Soaring Inflation?

By Neil Debenham To say 2022 has been a tumultuous year so far would be nothing short of an understatement. The cost of living is soaring, inflation is at its highest level in 30 years and the energy price cap rose by 54% at the start of April.

May 9, 2022, 4:37 PM

Experts From PayPal, Google, Visa, Spotify To Help Bank Of England Develop Digital Currency

Experts From PayPal, Google, Visa, Spotify To Help Bank Of England Develop Digital Currency

The Bank of England has assembled a panel of cryptocurrency experts from leading tech companies to contribute to researching a central bank digital currency (CBDC) for the U.K.

Sep 30, 2021, 11:16 AM

GBP/USD Is Neutral In The Near-Term, Unlikely To Move Far Away Ahead Of BOE

GBP/USD Is Neutral In The Near-Term, Unlikely To Move Far Away Ahead Of BOE

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. GBP/USD Current price: 1.3915 The pair fluctuated accordingly to the market’s sentiment, held between familiar levels.

This Day In Market History: Bank Of England Founded

This Day In Market History: Bank Of England Founded

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On this day in 1694, the U.K. central bank, the Bank of England, was founded.

Jul 27, 2021, 9:28 AM