Tag: Andrew Bailey
The British economy is shrinking surprisingly significantly – rain is putting a strain on companies
Bad weather puts a strain on the economy The British have been shopping less in recent months – partly because of the rain. (Photo: Reuters) London Unusually heavy rain and…
Pension funds in Great Britain are to invest more in start-ups
financial district in London Financial technology, life sciences, biotechnology and green technology companies are to receive more money. (Photo: REUTERS) London It sounds almost too good to be true: British…
Inflation triggers new turbulence in the bond market
Bank of England in London In the coming week, the British monetary authorities will discuss the further course. (Photo: dpa) Frankfurt,London When central bank governor Andrew Bailey calls the next…
o the EU wants to make bank processing easier
Boat replica “Crisis Suisse” The ailing bank Credit Suisse was taken over by competitor UBS. (Photo: dpa) Brussels, London In the future, European banks should be liquidated more easily in…
Bank of England raises interest rate to 4.0 percent
Bank of England in London Tough crackdown on inflation. (Photo: AP) London n the fight against high inflation, the Bank of England is not giving up and is driving interest…
Bank of England raises interest rates by 0.75 percentage points
Bank of England The central bank is stepping up the fight against inflation. (Photo: dpa) London As expected, the Bank of England (BoE) raised the key interest rate in Great…
New Treasury Secretary Hunt corrects Prime Minister Liz Truss’ economic policy course
The politically stricken prime minister then fired her finance minister, Kwasi Kwarteng, on Friday, appointed her former rival Hunt as his successor and announced that corporation tax for companies would…
London is planning a new “Big Bang” for the financial sector
Race to succeed Johnson A mural in Belfast shows the two candidates for the Conservative party leadership, Rishi Sunak and Liz Truss. (Photo: dpa) London The City of London may…
Inflation in the UK rises above 10 percent
In addition to the high energy costs, inflation in the summer was mainly driven up by rising food prices. Food is almost 13 percent more expensive than a year ago.…
The man who is supposed to protect the “old lady”.
This is particularly unheard of because central banks normally lower interest rates in times of economic crisis in order to help consumers and companies get back on their feet with…
British central bank raises key interest rates significantly
London The Bank of England (BoE) is raising interest rates at the highest rate in more than a quarter of a century: The central bank announced on Thursday that it…
British central banker enrages Johnson’s Tories
Bank of England BoE chief Andrew Bailey faces the House of Commons Finance Committee in London. (Photo: Bloomberg) London In December of last year, the Bank of England (BoE) raised…
Central banks and markets are sending contradicting signals
Federal Reserve in Washington The US Federal Reserve heralded the turnaround in monetary policy – and thus spurred the stock exchanges. (Photo: LEXEY SWALL / The New York Times /…
Powell is not giving the all-clear for inflation and material shortages for the time being
Jerome Powell The US Federal Reserve chairman expects inflation to remain above the Federal Reserve’s target of two percent in the next few months before it subsides. (Photo: Reuters) Frankfurt…