Bank Of England

  • Beatles, Mick Jagger on the 10 pound note? December 26, 2012

    London: The Beatles and Sir Mick Jagger are among 150 famous Brits who are under consideration to become the new face of the 10 pound note. Bosses at The Bank Of England have released a list of great Britons who have been suggested for the honour by members of the...
  • BoE prints money again to boost to UK economy July 5, 2012

    London: The Bank of England launched a third round of monetary stimulus on Thursday, announcing it would restart its printing presses and buy 50 billion pounds of asset purchases with newly created money to help the economy out of recession. The move was widely expected after BoE Governor Mervyn King said...
  • World central banks join hands, make historic rate cut October 9, 2008

    Washington: Central banks around the world cut interest rates on Wednesday in their first broadly coordinated policy action in history, as fears of a deep recession banished recent worries over inflation. In an attempt to stem the worst global financial crisis since the 1930s, the US Federal Reserve, European Central Bank,...
  • US Fed Reserve steps up action to stem global crisis September 18, 2008

    Washington: Scrambling to break the grip of a worsening global credit crisis, the Federal Reserve on Thursday pumped $55 billion into the United States' financial system. The Federal Reserve Bank of New York's came in two operations injecting cash into temporary reserves, a move aimed to help ease a strained financial...