A new British pressure group is calling for the UK’s central bank to “lose the power to create unlimited amounts of money out of thin air.”
Traditionally, central banks have more or less unofficially moved in concert with each other when it comes to tackling monetary policy.
The BoE seeks to restore stability after U.K. bond markets reacted badly to a government plan to cut taxes and go deeper into debt.
Bond yields hit highs not seen in decades, and the pound fell to a record low against the dollar. What is going on in the UK?
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.