Bank Of England

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  • UK Retail Sales Rise for Second Month on Clothing

    Nov 19th, 2009 - Bloomberg

    Nov. 19 (Bloomberg) -- U.K. retail sales rose in Octoberfor a second month, driven by clothing as consumer spendingpicked up after the longest recession on record. Sales increased 0.4 percent on the month...

  • Dollar Trades Near 3-Week Low on Outlook for Fed's Target Rate

    Nov 18th, 2009 - Bloomberg

    Nov. 19 (Bloomberg) -- The dollar traded near a three-weeklow against the euro after Federal Reserve Bank of St. LouisPresident James Bullard said past experience indicates policymakers may not start to raise interest rates until early 2012.

  • Dollar Falls Against Euro on Outlook for Fed's Target Rate

    Nov 18th, 2009 - Bloomberg

    Nov. 18 (Bloomberg) -- The dollar dropped against the euroas Federal Reserve Bank of St. Louis President James Bullardsaid past experience indicates policy makers may not start toraise interest rates until early 2012.

  • Bank of England Splits Three Ways on Bond Plan as Panel Mulls Deposit Rate

    Nov 18th, 2009 - Bloomberg

    Bank of England Splits Three Ways on Bond Plan as Panel Mulls Deposit RateNov. 18 (Bloomberg) -- Bank of England policy makers splitthree ways in a vote to extend the bond-purchase program to 200billion pounds ($336 billion), and discussed lowering thedeposit rate on bank reserves to encourage lending.

  • Dollar May Advance as US Output Data Spurs Demand for Safety

    Nov 17th, 2009 - Bloomberg

    Nov. 18 (Bloomberg) -- The dollar traded near a two-weekhigh against the euro after U.S. industrial production rose inOctober less than economists forecast, reviving concern theeconomic recovery will be sluggish. The U.S...

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  • Economy optimism from the...
    The Governor of the Bank of England has signalled that the British economy is beginning to come out of recession and begin to grow again. Follow us on twitter at twitter.com
  • Bank of England pumps another...
    The Bank of England's Monetary Policy Committee has held interest rates at a record low of 0.5% and pumped £50 billion into the economy.. Follow us on twitter at twitter.com
  • Protest at the Bank of England...
    www.socialistworker.co.uk Hundreds of protestors attempted to storm the Bank of England and Royal Exchange before marching round the City and bring traffic to a halt.
  • G20 protest BANK OF ENGLAND...
    G20 protest BANK OF ENGLAND - 1 APRIL 2009 LATEST NEWS! Be aware: CLIMATE camp in Bishopsgate Queen VIctoria Street in the City is BLOCKED due to location of Police Vans Protesters were Peaceful although Police were herding People ...
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Bank Of England from WikiPedia:

The Bank of England (formally the Governor and Company of the Bank of England) is, despite its name, the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for the UK Government. The Bank was privately owned and operated from its foundation in 1694 until it was nationalised in 1946. The Bank has a monopoly on the issue of banknotes in England and Wales, although not in Scotland or Northern Ireland. Since 1997 the Bank's Monetary Policy Committee has had devolved responsibility for managing the monetary policy of the country. The Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances" but such orders must be endorsed by parliament within 28 days.

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