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Bank of England

Displaying items by tag: Bank of England

Thursday, 02 February 2023 12:08

Bank of England base rate up 50bps to 4%

The Bank of England has increased its base rate by 50 basis points from 3.5% to 4% - its highest rate since October 2008.

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Thursday, 15 December 2022 16:52

Bank base rate up 50bps to 3.5%

The Bank of England today increased its base rate by 50 basis points from 3% to 3.5% in a move widely expected by experts.

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Thursday, 03 November 2022 15:01

Base rate up by 75 basis points to 3%

The Bank of England today increased its base rate by 75 basis points from 2.25% to 3%, one of the biggest increases seen for 30 years.

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Annuity rates have hit their highest point in eight years, with a further surge in annuity income expected if the Bank of England raises interest rates today, according to a new report.

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The FCA, PRA and Bank of England are consulting on an updated Complaints Scheme to make it simpler and more "user friendly."

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Friday, 20 March 2020 13:11

Bank of England slashes base rate to 0.1%

The Bank of England’s Monetary Policy Committee has cut the bank base rate from 0.25% to 0.1%, an unprecedented low.

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Andrew Bailey has been confirmed today as the new Governor of the Bank of England after three years as chief executive of the Financial Conduct Authority.

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The Bank of England has maintained interest rates at 0.75%.
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Dame Colette Bowe, a former chief executive of the UK’s top financial regulator, and Dame Jayne-Anne Gadhia, former chief executive of Virgin Money, have been appointed to the powerful Financial Policy Committee.
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The FCA, alongside the Bank of England and Prudential Regulation Authority, has published a joint discussion paper on the resilience of firms in the face of hackers and cyber-attacks.
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