United Kingdom
BoE's Gieve states case for global action
Ever-more frequent global policy co-ordination will be essential in avoiding future financial crises, Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England, has said.
Bank cuts to historic low
The Bank of England cut interest rates to their lowest level since 1951 on Thursday and stressed that further steps would be needed to prevent a deep recession.
Ex-Bank director to lead offshore review
Michael Foot, a former executive director for supervision at the Bank of England, is to head a review of British offshore financial centres.
Zero rates the only way out: ex-MPC members
Central bankers and global regulators must throw out the rule book on moral hazard, and act rapidly and decisively to fix the global financial meltdown, former members of the Bank of England's Monetary Policy Committee have said.
British PM denies UK close to joining euro
Gordon Brown, the British prime minister, has denied the UK plans to join the eurozone after the European Commission president said Britain was "closer than ever before" to adopting the single currency.
UK "closer than ever" to euro adoption: EU head
Jose Manuel Barroso, the president of the European Commission, has said Britain is as near as it has ever been to joining the eurozone.
History doesn't repeat itself, warns BoE's Tucker
Paul Tucker, the executive director responsible for markets at the Bank of England, has warned against spending the coming decade debating special-purpose vehicles, credit-default swaps and monolines.
We'll make the banks lend: King
Mervyn King, the governor of the Bank of England, on Tuesday indicated that the British authorities would take drastic action if banks continued to curtail lending.
Bank's Bean calls for counter-cyclical regulation
Charlie Bean, a deputy governor of Bank of England, has called for a regulatory regime that works against the natural cyclical excesses of the credit cycle.
Variety is key to forecasting bank rate
A range of financial instruments are needed to accurately measure expectations of future Bank of England policy rates, research by the Bank finds.
BoE's Gieve: further reductions required
Further reductions in bank rate may be necessary, said Sir John Gieve, the deputy governor responsible for financial stability at the Bank of England.
UK houses price to fall: Fed
House prices in the United Kingdom will fall considerably in the near- to medium-term, finds a new paper from the Federal Reserve Board.
Bank's Besley: inflation below target in 2009
Inflation is likely to fall below target next year despite the upward pressure on inflation from the weakening pound, said Timothy Besley, a member of the Bank of England's Monetary Policy Committee.
Bank could have cut by 200bp
Members of the Bank of England's Monetary Policy Committee, who shocked markets earlier this month when they slashed rates by 150 basis points, had considered an even bigger cut.
British inflation dips by record amount
British annual inflation fell to 4.5% in October, down from 5.2% the previous month, on the back of the slump in oil prices. The 0.7 percentage point slide is the biggest since January 1997, when official records began, and since April 1992 based on…
Bank of England sees deep recession
The Bank of England sharply adjusted its outlook for growth and inflation in the British economy, saying it was "very likely" that the UK was already in a recession that could last until 2010.
Bank shocks with steepest cut for 24 years
The Bank of England on Thursday lopped one-and-a-half basis points off its benchmark rate for the first time since August 1984, confounding expectations of a far less severe move.
Bank to cut by 100 basis points?
The Bank of England will likely cut rates by a full percentage point on Thursday, some leading City of London economists believe.
We will need counter-cyclical rules: King
Mervyn King, the governor of the Bank of England, indicated on Monday that Britain could push ahead in implementing its own counter-cyclical capital requirements to prevent another subprime debacle.
Banks' social role key to new rules: ex-FSA head
The revision of the social contract between banks and government should be central to the debate about how to legislate against future crises, Britain's former chief regulator has said.
Blanchflower: I told you so on rate cut
David Blanchflower, an external member of the Bank of England's Monetary Policy Committee (MPC), criticised his fellow committee members for not taking a forward-looking approach, which meant rates had stayed too high too long.
MPC's Blanchflower calls for aggressive cuts
The Bank of England needs to sharply reduce the cost of borrowing to prevent a "deep and long-lasting recession", said David Blanchflower, an external member of the Bank's Monetary Policy Committee (MPC).