British central bank leaves key interest rate close to zero

Bank of England The British central bank leaves its key interest rate close to zero. (Photo: Bloomberg) London In the virus crisis, the Bank of England leaves the key interest rate close to zero and at the same time leaves the door open for further emergency measures. Custodians around central bank chief Andrew Bailey did […]

British financial market regulator wants to loosen requirements for banks

Bank of England The British financial market regulator gives banks more leeway in the face of the corona crisis. (Photo: Bloomberg) London UK financial regulators want to ease corporate disclosure rules and bank lending requirements in the face of an expected recession due to the Corona crisis. The Bank of England (BoE) and two other […]

UPDATE 1-UK starts the first phase of the £ 330 billion loan guarantee scheme

(Add details) LONDON, March 23 (Reuters) – The British government opened the first part of a £ 330 billion ($ 384 billion) corporate loan guarantee scheme on Monday, which will help small and medium-sized businesses borrow up to £ 5 million to treat coronavirus arrests. “Any profitable business” with a turnover of up to £ […]

“Libra forces us to rethink the role of money”

Jon Cunliffe The Vice President of the Bank of England is watching the virtual coins closely. (Photo: Reuters) London Jon Cunliffe is the vice governor of the Bank of England, responsible for financial stability. The 66-year-old has been concerned with the rise of bitcoin and other virtual currencies for years. The money is reevaluated every […]

Rishi Sunak – the true UK crisis manager

British Treasury Secretary Rishi Sunak and Prime Minister Boris Johnson (right) The 39-year-old finance minister is experiencing a meteoric rise in the corona crisis. (Photo: © No10 Crown Copyright / eyevine) London There seems to be no remedy for the corona crisis. The British Treasury Secretary Rishi Sunak is feeling this these days. For the […]

Bank of England cuts interest rates again and expands bond purchase program

London Scene in front of the Bank of England In the fight against the economic consequences of the coronavirus crisis, the Bank of England is following the example of the European Central Bank and expanding its monetary policy measures. In a special session on Thursday, it lowered the key interest rate by 0.15 percentage points […]

The hour of the central banks

Andrew Bailey has only been the governor of the Bank of England for three days. But Bailey has already been prompted to make the dramatic statement that the British central bank will pump as much money as it needs into the financial markets. Previously, the British pound had dropped to its lowest level since 1985 […]

Avoid Corona Financial Crisis: The Hour of Central Banks

Andrew Bailey has only been the governor of the Bank of England for three days. But Bailey has already been prompted to make the dramatic statement that the British central bank will pump as much money as it needs into the financial markets. Previously, the British pound had dropped to its lowest level since 1985 […]

Central banks ensure the provision of cheap dollar loans

European Central Bank The ECB wants to secure the supply of companies and banks with dollars with five other central banks. (Photo: dpa) Frankfurt In view of the global corona crisis, the European Central Bank (ECB) and other large central banks want to ensure the supply of cheap dollar loans in a coordinated action. The […]