The Bank of England must contend with a slowdown in Britain's economy but also stubborn inflation pressures when it considers whether to cut interest rates in early February as well as its message about the outlook for the rest of the year.

Mark Carney was the first non-British person to become governor of the Bank of England in its more than 300-year history when he took the job in 2013. He had previously worked at the investment bank Goldman Sachs, and served as the governor of the Bank of Canada, the country's central bank.

As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option.

No decision will be made for at least a couple of years on whether Britain will go ahead with a central bank digital currency for the general public, the Bank of England said on Tuesday, pushing back the timeline for the project.

Newest policy-committee member recommends taking out ‘a little insurance’ amid signs of weakening demand in a fragile economy.

Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo

Bank of England announces the launch of the Digital Pound Lab to explore practical applications and technical designs for its proposed CBDC.

The Bank of England launches the Digital Pound Lab, exploring a CBDC to complement cash and foster innovation in the UK payments ecosystem.

A digital pound remains in its exploratory phase, with final decisions contingent on parliamentary approval and extensive public consultations.

The Bank of England (the “Bank”) has published a Consultation Paper proposing a set of Fundamental Rules for UK financial market

In November 2024, the Bank of England published an Approach Document setting out its approach to the supervision of financial market

These are among the startling statistics revealed by the nation's central bank, which also showed that just under £10 million of notes were exchanged.