Bank of England (BoE)
Old Lady could offer covert support under new rule
The British chancellor wants to introduce new rules allowing the Bank of England to give lender-of-last-resort support in secret.
Bank of England's King to get second term
Mervyn King has been granted a further five-year term as the governor of the Bank of England.
Fed auction reveals relative interbank calm
Money market tensions in the United States showed further signs of abating on Tuesday as the Federal Reserve published the results of its latest Term Auction Facility operation.
UK regulator held responsible for bank run
The Financial Services Authority (FSA), the British regulator, failed in its duty to properly supervise Northern Rock, the beleaguered mortgage lender, an eagerly awaited report by lawmakers finds.
UK rates "restrictive", says dovish Blanchflower
David Blanchflower, the only member of the Bank of England's nine-strong monetary policy committee (MPC) to back a rate cut earlier this month, has said monetary easing is vital to avoid a recession.
ECB sticks to inflation line amid OECD cut calls
Jean-Claude Trichet, the president of the European Central Bank, and fellow members of the rate-setting governing council have defended the central bank's decision to fight inflation, in spite of increasingly vociferous calls for them to cut rates.
UK's King unlikely to take Fed tack on rate cuts
Mervyn King, the governor of the Bank of England, signalled he would prefer a gradual decline in rates on Tuesday in a speech that noted the risks to inflation as much as those to growth.
Rock-bond plan could pay off Bank loan
The British Treasury underlined its commitment to finding a private sector bidder for Northern Rock on Monday, publishing details of a strategy that would require no upfront repayment of the £26 billion ($50.6 billion) owed by the beleaguered mortgage…
Banking risks must be considered together
The impact of credit and interest rate risk, the two most important dangers faced by commercial banks, must be measured jointly, research published by the Bank of England finds.
British MPC faces tough choices warns deputy Gieve
The Bank of England's monetary policy committee (MPC) faces difficult decisions in the months ahead because of the dual threat of slowing growth and rising inflation, said Sir John Gieve, the deputy governor responsible for financial stability.
IMF to review central bank response to turmoil
The International Monetary Fund (IMF) is set to investigate the reaction of leading central banks to the interbank turmoil that hit markets in the wake of the subprime crisis.
Canadian banks may not match central bank cut
Some of Canada's biggest commercial banks say they are considering leaving borrowing rates unchanged even if, as expected, the Bank of Canada cuts rates next Tuesday.
Fed and BoE auction results show interbank easing
Tensions in money markets showed further signs of abating on Tuesday after the Federal Reserve and the Bank of England revealed the results of their latest open-market operations.
Fund manager knocks Bank's role in Rock saga
Philip Richards, the chief executive of RAB Capital, one of two hedge funds that are the biggest shareholders in Northern Rock, the beleaguered mortgage lender, attacked the Bank of England and its governor, Mervyn King, for its handling of the credit…
UK opposition party call for more power for Bank
David Cameron and George Osborne, two senior politicians from Britain's main opposition party, the Conservatives, are pressing for the Bank of England to take on more responsibility for financial regulation.
Stability not gradualism has influenced UK MPC
The relative paucity of rate changes at the Bank of England since the institution became independent in 1997 is down to the increased stability of inflation and output growth, rather than a rise in the degree of gradualism, research published by the Bank…
Rock repays Bank debt with JPMorgan sale
Northern Rock, the beleaguered British mortgage lender, is to pay back some of its Bank of England debt through the sale of a mortgage portfolio worth £2.2 billion to JPMorgan, the- American investment bank.
Rock action set for wider ambit
The scope of the regulatory response to Northern Rock will be much broader than originally anticipated, Alistair Darling, the British chancellor of the exchequer, said on Thursday.
UK rates held at 5.5%
The Bank of England's monetary policy committee (MPC) on Thursday voted to keep the benchmark bank rate at 5.5%.
Central banks partly to blame for crunch
The creation of excessive global liquidity by key central banks was one of a number of phenomena that led to the current financial crisis, says Willem Buiter, a former member of the Bank of England's monetary policy committee, now an economics professor…
BoE credit survey shows crunch impacting lending
The Bank of England's credit conditions survey, published on Thursday, signalled a marked decline in lending to households and businesses towards the end of 2007.
Interbank rates plummet as year-end passes
Pressure on the banking industry eased on Wednesday with spreads between money market and central banks' benchmark interest rates narrowing as the end-of-year liquidity panic passed. The falls indicate that the central banks' efforts to alleviate some of…
Regulators can't ensure clarity, only encourage it
In the wake of the credit crisis, central bankers and other financial regulators should use their clout to back the standardisation of financial instruments rather than trying to legislate for transparency, says Claire Jones, the editor of Central Bank…
The blame game
The decision of many central banks, most notably the Federal Reserve, to lower rates in the wake of the dotcom crash, has drawn criticism from some quarters post-credit crunch. But, Claire Jones, editor of Central Bank News, argues blame for the crisis…