The Bank of England should slow its cycle of interest-rate cuts as inflation and wage growth continue above target, its chief economist said.

The Bank of England's Prudential Regulation Authority clarified its expectations around business conducted within branches of international banks in Britain, introducing a new threshold around deposits covered by the UK's compensation scheme.

Sarah Breeden, BoE deputy governor for financial stability, said on Thursday that the central bank had set high expectations for City of London firms on managing climate risk, and had helped equip them with the tools to do so.

The pound rose as high as $1.3469, a three-year high, and gilt yields jumped after the latest U.K. inflation data showing CPI jumping to 3.5% year-over-year in April from 2.6% in March. The spike derived from what's known as the "Awful April" effect -- when council tax,

The Bank of England is cutting its main interest rate by a quarter of a percentage point to 4.25% amid concerns over the potential shock to global growth emanating from the tariff policies of the Trump administration.

Regulators view large deposits which are not covered by guarantee schemes as more risky sources of funding for banks as they are more likely to be withdrawn at the first sign of a crisis. The BoE added that less than £100mn of SVB’s UK deposits had been covered by the FSCS guarantee schemes.

The Bank of England’s (BoE) chief economist has warned it has been cutting rates too quickly, given the inflation outlook, but added that the path for interest rates remained “downward”. Huw Pill, who voted against the BoE’s decision earlier this ...

The Bank of England cut interest rates on Thursday to tackle the expected hit from U.S. President Donald Trump's tariffs but a surprise three-way split among policymakers cooled expectations that it might speed up future moves.

Act 2025 has received royal assent and was published. The Act makes provision for recapitalisation costs in relation to the special resolution regime under the Banking Act 2009, in particular in so far as the regime is applied to smaller banks which do not hold MREL (a minimum requirement for own funds and eligible liabilities).

Inflation rose sharply in the United Kingdom in April – more than analysts had expected. This was reported yesterday by the Office for National Statistics (ONS). The surprisingly high increase was broad-based.