Bank of England

Fintech & Ecommerce

Bank of England Urges UK Payment Companies to Upgrade Operational Resilience

Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.

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Morgan Stanley Predicts Bank of England to Cut Rates in May

Morgan Stanley experts say that there is still a possibility that next month the Bank of England will begin implementing a monetary policy easing strategy, under which interest rates will be cut.

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Bank of England Governor Andrew Bailey Embraces AI

Governor of the Bank of England Andrew Bailey agrees with the opinion of the House of Lords that artificial intelligence should not be perceived as a risk to business.

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Bank of England Opens Prospect of Rate Cuts in 2024

For the first time since the beginning of the coronavirus pandemic, the Bank of England opened the door to cut interest rates, confirming forecasts that the inflation rate will reach the target level in the coming spring, and warning of the likelihood of renewed price pressure.

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Probability of Interest Rate Cut by Bank of England Grows

The Bank of England on Thursday, February 1, is likely to keep the interest rates at 5.25%, keeping this indicator within what can be described as sustainable stability.

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Bank of England Says About Impact of Quantum Computers on Financial Markets

According to the vision of the Bank of England, super-powerful quantum computers can become a catalyst for significant innovations in financial markets.

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UK Executives Urge Bank of England to Cut Rates

In the United Kingdom, the executives of local companies appealed to the Bank of England to lower interest rates shortly, arguing that this decision by the financial regulator would be able to support the country’s weakening economic system after the so-called depressed confidence turned out to be at a four-month low.

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Bank of England Says About AI Risks to Finances

The Bank of England has stated the risk that the wider spread of artificial intelligence could provoke a threat to the financial system.

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Bank of England Governor Resists UK Rate Cuts for Foreseeable Future

Bank of England Governor Andrew Bailey, suggests that a reduction in interest rates in the foreseeable future is an unlikely prospect, warning that the second half of the process of countering inflation in the United Kingdom will be hard work.

Finance & Economics

UK Inflation Demonstrates Decrease

According to the results of October, the annual inflation rate in the UK showed a sharp decline to the level of 4.6%.

Finance & Economics

Bank of England Warns of Zero Growth in British Economy Until 2025

The Bank of England has warned that the economy of the United Kingdom is highly likely to continue to show zero growth until 2025 against the background of high-interest rates or even a continued increase in this indicator.

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Bank of England Official Says Technology Increases Risk of Bankruptcy

The use of technology in the banking sector increases the risk of bankruptcy of financial institutions, which is why regulators should take measures to ensure that maintain adequate liquidity insurance by lenders.

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Bank of England Postpones Implementation of New Banking Reforms for Summer 2025

The Central Bank of England has changed the timing of the implementation of the banking sector reform process, postponing the start of relevant activities to the summer of 2025.

Finance & Economics

British Finance Sector Reportedly Seeks to Delay on New Capital Requirements

The media reports that the central bank of England is currently under pressure, the purpose of which is to postpone the date of entry into force of the new capital requirements.

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Bank of England Raises Interest Rates

The Bank of England on Thursday, August 3, announced an increase in interest rates.

Finance & Economics

UK Reportedly to Make Overseas Banks Replace Branches With Subsidiaries

The media reported that the Central bank of Great Britain is currently studying the possibility of introducing new restrictive measures against international financial institutions that operate in this country.