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Bank of England says it is watching mortgage price war ‘like a hawk’

LONDON (Reuters) – Regulators are watching a price war in mortgages “like a hawk” and may need to impose stricter minimum capital requirements on lenders, Bank of England Deputy Governor Sam Woods said on Friday. FILE PHOTO: A man walks Read more ›

Bank of England’s Carney tells investors they are too relaxed on rates

LONDON (Reuters) – Bank of England Governor Mark Carney said on Thursday investors were underestimating how much interest rates could rise, even as the British central bank kept borrowing costs on hold due to Brexit uncertainty. Sounding more hawkish than Read more ›

Bank of England to keep rates steady, despite Brexit delay

LONDON (Reuters) – The Bank of England looks set to leave interest rates on hold on Thursday and keep its options open for later in the year when it announces its first policy decision since the postponement of Britain’s departure Read more ›

Britain starts search for next Bank of England governor

LONDON (Reuters) – Britain’s finance minister Philip Hammond said on Wednesday he was starting the process of finding a replacement for Mark Carney as governor of the Bank of England. FILE PHOTO: Workers emerge from Bank underground station with the Read more ›

BoE most likely to cut rates in a no-deal Brexit – Tenreyro

LONDON (Reuters) – The Bank of England is more likely to cut interest rates than raise them in the event of a no-deal Brexit, rate-setter Silvana Tenreyro said, the latest BoE official to back the idea of coming to the Read more ›

Bank of England’s Vlieghe scales back rate hike view

LONDON (Reuters) – The Bank of England can probably raise interest rates only around once a year, given the weakening of the economy in Britain and around the world, and even that slow pace might be too much, a top Read more ›

UK inflation expectations hit five-year high – BoE

LONDON, Dec 7 (Reuters) – The British public’s expectations for inflation in a year’s time have risen to a five-year high but fewer people expect an interest rate hike over the next 12 months, a Bank of England survey showed Read more ›

Senior MP asks Carney to clarify Brexit house price comments

LONDON (Reuters) – A senior British lawmaker asked Bank of England Governor Mark Carney on Thursday to clarify whether he had told ministers that house prices in Britain could slump by about a third if the country fails to secure Read more ›

More Britons expect interest rates to rise over next year – BoE survey

LONDON (Reuters) – The proportion of British people expecting interest rates to rise over the next 12 months increased in August, following the Bank of England’s decision to raise rates at the start of the month, a BoE survey showed Read more ›

BoE’s Carney – policy needs to walk, not run

LONDON (Reuters) – The Bank of England’s approach to policy should be to “walk – not run”, Governor Mark Carney said on Thursday after the central bank raised rates to a new post-financial crisis high of 0.75 percent. FILE PHOTO: Read more ›