Law students diving into banking and finance got a special treat. They visited the Bank of England. This was not just any tour. It was a deep dive into the bank's past, present, and future. The bank's building itself is a story. It shows how the bank has changed over time. The architecture reflects
The Bank of England has lowered interest rates to 3. 75%. This move was widely expected, so mortgage lenders had already adjusted their rates. However, the Bank's governor hinted that future cuts might not be as frequent, which could slow down the decline in mortgage rates. The Bank's decision was
The Bank of England has shared its updated plans for managing stablecoins, a type of digital currency tied to stable assets like the British pound. This isn't the first time they've talked about this, but their latest ideas have sparked some debate. The bank has been gathering thoughts from various
The Bank of England has decided to keep interest rates at 4%, a choice made by a very small margin. The panel thinks inflation, which is how fast prices go up, has reached its highest point. But they want to see more proof before they lower rates. The governor, Andrew Bailey, is in a tough spot. He
The Bank of England has made a call to keep interest rates at 4. 5%. This decision was made despite the UK's economy facing a mix of global trade uncertainties and potential domestic slowdown. The central bank's Monetary Policy Committee voted 8 to 1 to maintain the current rate. One member sugge
In late 2024, the UK economy showed a small but surprising growth of 0. 1% in the fourth quarter. This news came as a pleasant surprise, as experts had predicted a slight contraction of 0. 1%. The services and construction sectors were the stars of the show, with growth rates of 0. 2% and 0. 5% resp
The Bank of England made a move recently, cutting interest rates for the third time in half a year. This decision came as no surprise, given the weak economic growth and a surprising drop in inflation rates. Britain's economic growth forecast for this year has been lowered, making the recen
In a surprising turn, the UK's inflation rate dropped to 2. 5% in December 2024, catching economists off guard. The consumer price index (CPI) had previously been at 2. 6% in November. Core inflation, which doesn't include the ups and downs of food and energy prices, also dipped to 3. 2%, down from
In October, the U. K. saw a surprising jump in inflation, reaching 2. 3%. This is higher than the expected 2. 2% and a significant increase from September's 1. 7%. The news might put a pause on the Bank of England's plans to lower interest rates in December. The Bank aims to keep inflation at 2%, bu
The final week of July begins with cryptocurrency investors bracing themselves for a potentially volatile ride. After a weekend of political developments and central bank meetings on the horizon, Bitcoin and Ether are experiencing a reversal in their gains. But what's driving this market movement, a
