Bank of England

Auto Added by WPeMatico

Bank of England Moves Closer to Negative Interest Rates, Asks Banks if They Are Ready

by

The Bank of England has moved closer to adopting a negative interest rate policy. The central bank has asked commercial banks in the U.K. to provide details of how ready they are to deal with negative interest rates, asserting that for the policy to be effective, commercial banks need to be ready to implement it. … Read more

UK Court Overturns Ruling on $1 Billion Venezuelan Gold at Bank of England

by

The UK Court of Appeal has overturned an earlier court ruling which denied Nicolas Maduro access to Venezuela’s gold worth about $1 billion kept at the Bank of England. The court did not recognize Maduro as the legitimate leader of Venezuela. Court Rules in Favor of Central Bank of Venezuela Over $1 Billion Gold The … Read more

UK Mulls Over Negative Interest Rates, US to Keep Near Zero Rates for Years

by

The Bank of England is now seriously considering implementing negative interest rates while the U.S. Federal Reserve has pledged to keep interest rates near zero for years. Some analysts say even the Fed will soon consider negative interest rates. Meanwhile, many expect a boost to the price of bitcoin. Central Banks Mull Over Negative Interest … Read more