Bank of England (BoE)
FSA to launch probe as Bank counters HBOS rumours
The British financial regulator has confirmed that it is to investigate share dealing made on the back of rumours that HBOS, a British bank, was short of liquidity. The Bank of England has also taken the highly unusual step of calling the British press…
April rate cut more likely on back of BoE minutes
Market expectations of an April rate cut rose after the publication of the minutes of the Bank of England's latest Monetary Policy Committee meeting.
Overnight rate unchanged despite BoE injection
The Bank of England's attempt to lower sterling short-term interbank borrowing costs by adding £5 billion ($10 billion) to the money markets looks to have failed.
Old Lady adds an extra £5bn
The Bank of England injected £5 billion ($10 billion) into the money markets on Monday 17 March after overnight interbank rates shot up on the back of Bear Stearns's collapse.
Bank of England - Quarterly Bulletin
Though sterling interbank markets showed some signs of improvement in December and early January, conditions deteriorated again during February, the Bank of England states in its latest Quarterly Bulletin.
SWFs a force for stability, says BoE's Gieve
Sovereign wealth fund investment will help temper volatility in equity markets, Sir John Gieve, the deputy governor at the Bank of England responsible for financial stability, said.
UK inflation expectations surge to record high
The British public expects prices to rise by 3.3% over the next 12 months, their highest-ever estimate.
BoE's Tucker gets second term on MPC
Paul Tucker, the executive director for markets at the Bank of England, is to serve a further three-year term on the Monetary Policy Committee.
Central banks announce second joint effort
The Federal Reserve will accept banks' mortgage-backed securities as part of a raft of liquidity measures announced by five of the world's most powerful monetary authorities on Tuesday 11 March.
UK homeowners fail to benefit from Bank cuts
Cuts to the Bank of England's benchmark rate have had little impact on mortgage rates for some British consumers, data published by the Bank reveals.
Rapid deterioration led Fed to go it alone: Kohn
The deterioration in money markets was so rapid that the Federal Reserve last Friday did not have time to coordinate a joint announcement of liquidity measures with other central banks in the same way as last December and which had such a favourable…
Research on the benefits of information dispersal
Cross-border information sharing allows policymakers to respond more appropriately to common shocks, research published by the Bank of England indicates.
BoE holds rates at 5.25%
The Bank of England has opted to keep rates on hold, as expected, following last month's cut and relatively favourable data on growth.
UK business leader warns against rushing reform
The British authorities must beware of hurrying through seismic supervisory changes in the wake of the run on Northern Rock, the head of the UK's biggest business lobby has warned.
Interbank rates creep up in Europe
Money market tensions are showing signs of re-emergence, with interbank rates hitting levels not seen since mid-January for euro and sterling borrowing.
Central banks to review liquidity rules
Central banks are collectively considering alterations to the provision of emergency liquidity, Paul Tucker, the executive director responsible for markets at the Bank of England, said at a conference organised by the Financial Markets Group of the…
BoE's Gieve calls for bigger buffers
Regulation must temper the pro-cyclicality of the credit cycle, said Sir John Gieve, a deputy governor at the Bank of England.
Rating agencies at core of lawmakers' grievances
An influential group of British members of parliament has slammed the big ratings agencies for their role in the subprime crisis.
Credit crunch – phase two
The credit crisis that started in August last year has moved into a destabilising second phase, with equity markets and the real economy looking increasingly shaky. This section analyses central banks’ response to the long-running crisis
Legislative barriers and Northern Rock
Mervyn King’s assertion that he was “hemmed in” by legislation during the run on Northern Rock has some merits, argues Charles Proctor
Obituaries: Terry Smeeton
Terence Smeeton, born 5 July 1942, died 12 September 2007.
Lessons of Northern Rock
British lawmakers are divided over how to fix a broken regulatory framework
News analysis: Forced into action
Claire Jones, the editor of Central Bank News, analyses how uncertainty threatened to cripple the interbank market and called for a unique response from the central banks