Bank of England (BoE)

Bank begins £150 billion money-supply boost

The Bank of England on Thursday said it would boost the money supply by up to £150 billion ($211 billion) in a bid to revive the health of Britain's ailing economy. The Bank's Monetary Policy Committee also cut rates to a fresh all-time low of 0.5%.

BoE's Tucker: end bickering over CDS clearing

Paul Tucker, the soon-to-be deputy governor responsible for financial stability at the Bank of England, has called on officials to stop feuding over plans to create a central counterparty for credit default swaps (CDS).

Leaning against the wind talk hot air: BoE's Bean

Charlie Bean, the deputy governor responsible for the Bank of England's monetary policy, has rejected claims that countering asset-price bubbles with rate hikes would have tempered the worst of the financial excess that triggered the credit crisis.

Fisher gets markets job

Paul Fisher has been appointed as the new executive director for markets of the Bank of England. Fisher will start in his role on 1 March and will also sit on the monetary policy committee (MPC).

King presents gloomy outlook

The Bank of England has revised its forecast for growth in the British down sharply and says the recovery will depend "to a significant extent on developments in the rest of the world where a severe economic downturn has taken hold."

Bank cuts to 1%, economy in severe downturn

The Bank of England chopped 50 basis points off bank rate on Thursday and stepped up the rhetoric on the scale of the crisis, saying that the global economy was now "in the throes of a severe and synchronised downturn".

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