It has been six years since the Bank of England (BOE) decided to slash interest rates to combat the global economic meltdown. Since then, the BOE has consistently delayed any move to hike rates, even though present central bank governor Mark Carney has repeatedly hinted at such an … [Read more...]
Bank of England Proposed Rules to Protect Consumers from Bank Runs
In case of a bank failure, British depositors will have an easier time withdrawing their money. The Bank of England (BOE) announced Monday it has proposed a series of sweeping reforms in order to make the British financial system safer. The United Kingdom central bank will protect … [Read more...]
