U.S. Federal Reserve Chair Jerome Powell said Congress “may need to do more” to cushion the blow from the pandemic.
On Wednesday, just hours before the U.K. government will outline new spending plans, the Bank of England announced the cuts.
The BBC has obtained a secret recording that links the bank to Libor rigging.
Following the recent Brexit vote, England's central bank says it will use financial tools for stability.
Canadian Mark Carney takes over running the Bank of England today. Carney looks good and has star power, but some wonder whether the current adulation will last.
Days after David Cameron announced a referendum on U.K. membership in the EU, figures out today revealed that Britain is at risk of slipping into its third recession in a row, leading to further uncertainty about the U.K.'s future.
The Bank of England forecasts this morning the U.K. economy will not grow at all in the coming quarter. Across the channel, the French central bank says the euro's second-largest economy is headed for its own recession. And Germany's being infected by all this through its exports, which fell in June.