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BoE warns worsening Covid trend hangs over economy

Bank of England Governor Andrew Bailey warned today that escalating Covid-19 cases threatened the outlook for Britain's economy.
Business • 22 Sep 20

Bank of England warns UK economy facing bigger risks

Bank of England Deputy Governor Dave Ramsden and another interest-rate setter, Gertjan Vlieghe, warned today of risks that Britain's economy could suffer more damage than spelt out by the central bank last month.
Business • 02 Sep 20

BoE boss Bailey promises more 'prompt action' if needed

New Bank of England Governor Andrew Bailey promised that the bank would deliver further "prompt action" when needed to help Britain's economy weather the hit from the global coronavirus outbreak.
Business • 16 Mar 20

Bank of England cuts rates in shock move over virus

The Bank of England unexpectedly cut interest rates by half a percentage point to 0.25% this morning in a move to bolster Britain's economy against disruption caused by the coronavirus outbreak.
Business • 11 Mar 20

Andrew Bailey named new Bank of England Governor

Britain's new government has today named Andrew Bailey as the next Bank of England Governor.
Business • 20 Dec 19

UK watchdog shakes up 'dysfunctional' overdraft market

UK banks and building societies will have to charge the same amount for all overdrafts from April 2020, the Financial Conduct Authority said today.
Business • 07 Jun 19

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