A director at the Bank of England has said Britain’s central bank is “open minded” on the use of stablecoins in wholesale ...

The Bank of England and European Central Bank both held their benchmark rates steady. Even though inflation has been slowing, they gave no indication of when rates would start to come down.

The Bank of England allotted a record 74.225 billion pounds ($101.32 billion) in seven-day funds in its weekly short-term ...

The Bank of England’s pause comes during a long and tumultuous struggle against inflation. The central bank began its cycle of rate increases in December 2021, raising rates from near zero to ...

The European Central Bank (ECB) and the Bank of England lifted rates by another half a percentage point. Benchmark interest rates for both are at their highest levels since 2008.

Before Thursday’s hike, financial markets were predicting the Bank of England’s benchmark interest rate would peak at 5.75% by the end of the year as the central bank tries to rein in rising ...

The Bank of England warned Thursday about the “highly unpredictable” geopolitical environment as it kept its main interest rate unchanged at the two-year low of 4.25%. With concerns mounting over the ...

Dec. 15 (UPI) --The European Central Bank Thursday raised its three key interest rates by half a percent and said it expects to raise them further based on "substantial upward revision" to the ...

Central banks are facing a new challenge as tensions between Israel and Iran threaten to push energy prices and inflation higher.

LONDON, Dec 11 (Reuters) - The Bank of England looks set to keep interest rates on hold next week as it moves more slowly to cut borrowing costs than central banks in Europe and the United States.

The European Central Bank’s main rate is 2%, while the Bank of England’s is 3.5%. ... The Bank of England and ECB are both expected to hike by another half a percentage point on Thursday.

In an 8-1 decision, the Bank of England raised interest rates by 50 basis points and warned that inflation would peak above 13% in October and was unlikely to return to the 2% target before 2025.