London is in the grips of a gold shortage as traders line up for weeks to get bars out of the Bank of England and ship them to the U.S. amid fears that the new Trump administration will levy tariffs on imports.
London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there,
Expect an 8-1 vote in favour of another rate cut next Thursday, though we doubt the Bank will drop too many hints on what comes next. We're looking for three further cuts later this year, but a shaky jobs market and the prospect of lower services inflation risks pushing the BoE into more aggressive moves
The pound was little changed on Thursday as markets were focused on a raft of major central bank meetings that will culminate with the Bank of England next week.
The UK's central bank has launched an emergency lending facility to prevent a repeat of the hike in government borrowing experienced in 2022.
The 2008 financial crisis and its aftermath vaulted central bankers from obscure technocrats to leading actors in the global economy.
The first central bank meetings of 2025 suggest it will be a year in which policymakers go their own way as economic paths diverge, as the United States holds interest rates steady, the eurozone cuts,
Bosses in the private sector expect a "significant fall" in activity over the next three months, according to a survey by the Confederation of British Industry (CBI).
Whisper it, but maybe life’s not so bad for many of the world's central bankers right now. But James Smith, ever the optimist, reckons that’s not going to last long. From tariffs to tech tantrums, we’re facing up to another pivotal week for global markets. Here's what we expect
UK Finance called for the central bank to go further by increasing the size threshold to £40bn-£50bn to take account of inflation since the rule was introduced in 2015. It also called for the active account threshold to be scrapped or raised from 40,000-80,000 to 100,000-150,000.
The Bank of Canada’s independence could be tested as Mark Carney, former governor of both the Bank of Canada and the Bank of England, is now running for leader of the Liberal Party.
The Bank of England is facing a growing clamour to make ... Last week, he indicated that he would be comfortable with the central bank lowering rates five or six times “to get interest rates ...