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Market Watch (Free subscription) | 11/19/2009
LONDON (MarketWatch) -- Lending to U.K. businesses fell 6% in September compared to the prior year, the Bank of England said Thursday, worse than the 4.3% downturn in August. "Net capital market issuance has slowed in recent months, which lenders attributed to many businesses having already raised the funding planned for 2009 earlier in the year. Syndicated lending remained weak. The major U.K....
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Financial Times (Free subscription) | 11/18/2009
The pound lost ground against the dollar and the euro on Wednesday after the release of the minutes of the Bank of England's November monetary policy committee meeting.
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Market Watch (Free subscription) | 11/18/2009
Bank of England policymakers split three ways earlier this month over the decision to boost the central bank’s money-creating, asset purchase plan, minutes of the Nov. 4-5 meeting released Wednesday revealed.
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Market Watch (Free subscription) | 11/18/2009
LONDON (MarketWatch) -- Members of the Bank of England's Monetary Policy Committee split three ways over the size of the central bank's money-creating, asset-purchase plan earlier this month, according to minutes of the Nov. 4-5 meeting released Wednesday. Seven members of the MPC, including BOE Governor Mervyn King, voted in favor of the plan to boost the size of the program by 25 billion pounds...
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SeekingAlpha.com (Free subscription) | 11/17/2009
The Baseline Scenario submits: By Simon Johnson “ Banking on the State ” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane , Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points effectively to policymakers. He is obviously closely in line –...
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iStockAnalyst.com (Free subscription) | 11/17/2009
“Banking on the State” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane, Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points effectively to policymakers. He is obviously closely in line – although not in complete agreement - with the thinking...
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The Baseline Scenario (Free subscription) | 11/17/2009
“Banking on the State” by Andrew Haldane and Piergiorgio Alessandri is making waves in official circles. Haldane, Executive Director for Financial Stability at the Bank of England, is widely regarded as both a technical expert and as someone who can communicate his points effectively to policymakers. He is obviously closely in line – although not in complete [...]
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Law Blog - WSJ.com (Free subscription) | 11/11/2009
Bank of England Governor King cautioned against hysteria about the U.K.'s burgeoning fiscal deficit, stressing that it's possible for the central bank to exit stimulus measures without the cost of government borrowing rocketing.
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iStockAnalyst.com (Free subscription) | 11/11/2009
Below we'll cover a potentially positive development in market breadth. Wednesday morning's financial headlines may help breadth continue to improve in a bullish fashion: * Bank Of England Open To More Bond Buys (Stimulus) * China's Industrial Production Up 16.1% * Machine Orders In Japan Climb 10.4% [More...]
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The Street (Free subscription) | 11/11/2009
The pound plunged soon after the Bank of England raised near-term inflation and interest rates forecasts for the U.K. economy.
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Market Watch (Free subscription) | 11/11/2009
The Bank of England expects the British economy to post a slow recovery amid continued pressure on bank balance sheets and expectations that the government will be forced to rebalance its budget in coming years, the Bank of England said in its quarterly inflation report on Wednesday.
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Market Watch (Free subscription) | 11/11/2009
LONDON (MarketWatch) -- Annual British consumer inflation is likely to rise above the 2% target in the near term due to the reversal of the government's cut in value-added tax and the impact of the British pound's recent decline, the Bank of England said Wednesday in its quarterly inflation report. But downward pressure on prices from persistent "spare capacity" will remain the "dominant...
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Financial Times (Free subscription) | 11/07/2009
"Nurse! Take dictation!" The UK economy is still officially very sick but the Bank of England might soon be getting out its writing paper. This week the bank - the...
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Financial Times (Free subscription) | 11/07/2009
A nalysts' explanations for the Bank of England decision to plough a further £25bn into quantitative easing make it sound about as scientific as necromancy or...
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The Independent (Free subscription) | 11/07/2009
Loan providers have received much criticism recently as personal loan rates have been rising, even though the Bank of England base rate is at a record low of 0.5 per cent. Marks & Spencer Money's decision to cut its loan rate is therefore welcome news.
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digitalfever | 01/09/2009
The Bank of England has fulfilled most analysts expectations by reducing its base rate again, setting it at its lowest ever value of 1.5 percent.