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Talk of a post-COVID spending spree shows Bank of England is out of touch

By Phillip Inman*

Bank of England criticized for losing track of £50b of banknotes

It is known throughout the world as a byword for security. But the Bank of England (BoE) is evidently a tad unclear on the whereabouts of £50b of banknotes, and it doesn’t seem to be overly concerned about it, a powerful group of MPs has said.

UK interest rates likely to fall below zero in 2021

Bank of England is investigating ways of removing obstacles to step, aimed at boosting economy.

Bank of England to hold rates as clouds gather over outlook

Bank of England officials will probably keep policy on hold next week as they acknowledge that the economic outlook has worsened materially since May.

UK public foresees highest inflation in decade: BoE

The British public’s expectations for inflation in five years’ time have jumped to their highest in more than a decade, Bank of England data showed on Friday, in a possible sign of concern about the economic outlook after Brexit.

Bank of England raises rates above crisis lows, signals no rush for next hike

The Bank of England pushed interest rates above their financial crisis lows on Thursday, but signalled it was in no hurry to raise them further as Britain heads for Brexit next year with no clear plan for leaving the European Union.

Carney: Brexit has cost households £900

The Brexit vote has left households £900 worse off, Bank of England governor Mark Carney has said.

Bank of England believes Brexit could cost 75,000 finance jobs

The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union.

Consumer debt crisis could cost UK banks £30b

The Bank of England (BoE) warned the country's banks could risk losing £30 billion on their lending on credit card and personal loans in the event of a sharp economic downturn.

Bank of England hints at November interest rate rise

The Bank of England has raised the prospect of an interest rate rise as early as November, in an attempt to relieve the squeeze on living standards from surging prices and sluggish wage growth.

BoE governor defends decision not to raise interest rate

Bank of England (BOE) governor Mark Carney defended an earlier decision by the bank not to raise interest rate from the record low of 0.25 percent.

Bank of England warns of consumer spending squeeze

Bank of England governor Mark Carney has warned of a consumer spending squeeze this year as inflation rises and real wages fall.

Bank of England sharply raises growth forecast

The Bank of England raised its forecasts for the UK economy sharply higher, increasing the likelihood the next move in interest rates will be up not down.

Bank of England ditches plans for another interest rate cut

The Bank of England has scrapped plans for more interest rate cuts and raised its growth forecast for this year and next — but sent out a warning to households over soaring inflation.

Bank of England's Forbes sees no case for further rate cut

Bank of England policymaker Kristin Forbes said she did not see a case for a further interest rate cut to help Britain's economy after June's vote to leave the European Union, putting her at odds with the majority of her fellow rate-setters.