Bank of England

The New York Times has found some unemployed people to argue against an extension of jobless benefits: "In a recent survey of the unemployed by Rutgers University, more than one in four respondents was opposed to renewing the current extended unemployment benefits.

The Bank of England said Thursday that it decided to keep its emergency stimulus program unchanged and the central bank's key lending rate at its record low of 0.5%.

The Bank of England left interest rates at 0.5% for the 20th month in a row and maintained its asset-buying program unchanged, Reuters reported. The interest rate decision was widely expected by economists. Still, mixed economic data and a divided policy-making board mean that the future is...

The Bank of England kept it benchmark rate at a record low 0.5% and maintained its bond purchase program at £200 billion ($309 billion). The bank, which sets monetary policy for the United Kingdom, has kept rates low to stimulate the recovery in the U.K. economy. The bank's monetary...

Bank of England Governor Mervyn King said that the U.K. economy will grow slower than previously forecast. King said that growth may peak at 3% annual pace, rather than the 3.6% rate forecast in May, according to Bloomberg News. Inflation will also be lower than expected, hitting 1.5% in two...

The Bank of England left its benchmark interest rate unchanged at 0.5%, a record low, on worries that Britain's economy recovery remains delicate. "The economic recovery is still sub-par and will continue to be so for some time," Brian Hilliard, an economist with Société...

A freeze in lending triggers a panic in a Western financial capital which then spreads around the globe, eventually tipping several South American countries into default. In a desperate attempt to stem the panic, the central bank steps in as "the lender of last resort" and unleashes a flood of new...

Faced with the news that Britain is still in the midst of a recession, the government announced a new round of stimulus today. The Bank of England will add another 25 billion pounds ($41 billion) to the economy and keep its main interest rate at 0.5 percent for an eighth consecutive month. This...

No sooner have the leaders departed the G20 meetings in London than proof has surfaced about just how bad the crisis is getting there. Something just appeared amongst the fine banking institutions and stock-trading houses of London City, where last week demonstrators were hurling computers through...

During difficult financial times, investors often turn to likes of Warren Buffett or George Soros for analysis. However, today we turn to another sage -- Lawrence Peter "Yogi" Berra, retired Hall of Fame New York Yankees catcher and author of yogiisms, incisive malapropisms that reveal eternal...