Bank of england news

Here are some recent news articles and updates from the Bank of England:

Recent News

  1. Interest Rate Decision: The Bank of England's Monetary Policy Committee (MPC) has kept interest rates unchanged at 0.5% for the 14th consecutive month. The decision was announced on February 2, 2023.
  2. Inflation Forecast: The Bank of England has revised its inflation forecast downward, predicting that inflation will peak at 7.25% in Q2 2023, lower than its previous forecast of 7.75%.
  3. Economic Growth: The Bank of England has cut its growth forecast for the UK economy, predicting that GDP will grow by 3.5% in 2023, down from its previous forecast of 4%.
  4. Quantitative Easing: The Bank of England has announced that it will end its quantitative easing program in December 2023, after purchasing £895 billion of government bonds since 2009.
  5. Financial Stability: The Bank of England has warned that the UK's financial system is facing a "high and rising" risk of instability due to the ongoing pandemic and global economic uncertainty.

Recent Speeches and Testimony

  1. Andrew Bailey: The Governor of the Bank of England, Andrew Bailey, delivered a speech on February 15, 2023, in which he discussed the challenges facing the global economy and the Bank's response to the pandemic.
  2. Silvana Tenreyro: The Deputy Governor of the Bank of England, Silvana Tenreyro, delivered a speech on February 22, 2023, in which she discussed the impact of the pandemic on the UK's labor market and the Bank's monetary policy response.

Recent Publications

  1. Inflation Report: The Bank of England's latest Inflation Report was published on February 2, 2023, and includes the Bank's latest forecasts for inflation and economic growth.
  2. Financial Stability Report: The Bank of England's latest Financial Stability Report was published on February 15, 2023, and includes the Bank's assessment of the risks facing the UK's financial system.

Upcoming Events

  1. MPC Meeting: The next meeting of the Bank of England's Monetary Policy Committee is scheduled for March 17, 2023.
  2. Inflation Report: The next Inflation Report is scheduled to be published on March 17, 2023.

I hope this information is helpful!