Bank of England
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Bank of England plans expansion in Leeds
Its presence in the city is set to expand from a headcount of 70 to at least 500
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I’m not a pessimist, says BoE’s Bailey – it really is that bad
The Bank of England’s governor says his bleak view of the economy is a “realist view”
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UK’s economic outlook ‘worst I’ve seen’, says Bank of England governor
No rate cuts any time soon as getting inflation down to 2% will be “hard work”
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Bank of England property expert joins Climate X
Jackie Bennett will advise the risk analytics platform on mortgage regulation
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Bank was ‘blindsided’ by mini-Budget
Governor Bailey told the Lords that mortgage rates had started to come down
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Bank of England shelves 100,000 sq ft Leeds requirement
Expansionist ambitions have been put on hold until the economy improves
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Bank of England will raise rates again, says Pill
Inflation is becoming “embedded” in the economy, requiring “more work” to dig it out
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Britain winning back gilt credibility, says bank deputy
But Sir Dave Ramsden warns that the good faith will need to be earned
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Lenders now see UK as the new Greece
Former Bank of England deputy says it is “disingenuous” to say market turmoil is “global phenomenon”
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High defaults will cause credit crunch, bank warns
Survey of lenders, from before the mini-Budget, forecasts constriction of commercial credit
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Further turmoil feared as bank ends bond-buying
But there is talk of flexibility and the possibility that property might prove a safe haven
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Bank will spend £65bn to avert financial crisis
The surprise move came after pension funds warned of a “Lehman Brothers moment”