Bank of England

The ranks of the Reserve Bank are set to be bolstered following the appointment of a top official from UK’s central bank.Following a 31-year stint at the Bank of England, Andrew Hauser, who has most recently led the markets division, will…

Two popular Aussie banks have hiked interest rates days before the Reserve Bank of Australia is forecast to set another increase. ANZ, Australia’s fourth largest bank, increased its fixed rates by up to 0.35 percentage points for both…

The UK economy grew sluggishly during the first three months of the year as double-digit inflation curbed consumer spending and labour unrest curtailed output in industries ranging from transportation to healthcare and education. Gross…

The Bank of England raised its benchmark lending rate to the highest level since 2008, saying further increases may be needed if inflationary pressures persist. The UK central bank lifted its key rate a quarter point as expected to 4.5%,…

The Reserve Bank governor will hold press conferences after each meeting on interest rates to explain decisions to homeowners under a huge shake up of the central bank.In a landmark report that outlines the lessons learned during the Covid…

Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according to a forecast, BBC reported. The International Monetary Fund (IMF) said…

Representational image only. | Photo Credit: Reuters The Reserve Bank of India’s (RBI) rate-setting panel on April 3 started its three-day meeting amid expectations that the Central bank may go for 25 basis points hike in benchmark…

The RBI's rate-setting panel on Monday started its three-day meeting amid expectations that the central bank may go for 25 basis points hike in benchmark interest rate, probably the last in the current monetary tightening cycle that…

Bleak post-Covid economic conditions have continued to wreak havoc on the hospitality sector, with another two formerly bustling establishments being forced into closure. Popular South Australian eatery, Seed Clare Valley, this week…

The fallout from the collapse of Silicon Valley Bank is starting to spread around the world. SVB’s UK unit is set to be declared insolvent, has already ceased trading and is no longer taking new customers. Startup founders are panicking…