Bank of England governor Mark Carney says the bank will appoint a new deputy governor to conduct a "root and branch review" of how the central bank conducts "market intelligence".» Read More
The euro stops its freefall, the Bank of England holds steady, and Indonesia cuts - it's time for your FX Fix.
Testifying in front of the treasury select committee, Bank of England Governor Mervyn King detailed the central bank's rational for introducing a second bout of money easing. "The volatility did not dampen down, we did not see a reversal of the asset price movements, so we followed through and took the decision in October, which was unanimous, to resume the asset purchasing program," he said.
If Europe can just shore up its banks, this strategist sees a potentially major move in risk-on currencies.
Summit hopes give risk-on currencies a lift, and there's a prize for a euro exit plan - time for your FX Fix.
The cautious are paying for the profligate, not only by sacrificing their tax money to save banks from collapse but by seeing their savings eroded by negative interest rates.
Central banks' policy of printing money to try and stimulate weak economies is unlikely to result in significantly higher inflation, Rob Carnell, chief international economist at ING, wrote in a market note.
The aggregate shortfall of UK corporate pension schemes soared in September and is now at its second-highest level, new industry data show, as falling markets and bond yields sharply reduced returns.
The Bank of England launches QE2 and the European Central Bank has everyone on tenterhooks - time for your FX Fix.
"I think the risk of deflation is much greater than the risk of inflation because of all the headwinds that are against us, and there is no real sign that there is a wage-price spiral building up here," Ruth Lea, economic advisor at Arbuthnot Banking Group, told CNBC.
The UK’s central bank, the Bank of England, is expected to hold interest rates at their current level of 0.5 percent on Thursday as the global economic crisis appeared to worsen and the International Monetary Fund warned that a second global recession could not be ruled out.
There are four potential combination outcomes for the Bank of England and European Central Bank meetings on Thursday. Here's how to trade them.
"QE is unconventional and effective only when deployed as a surprise like in 2009," Andrew Sentance, Former Montenary Policy Committee Member at the Bank of England told CNBC Tuesday.
Nerves ahead of a Fed policy decision, doves at the Bank of England - it's time for your FX Fix.
The Bank of England (BoE) considered a further round of quantitative easing to help boost the flagging UK economy, the latest minutes of its interest rate setting committee, the Monetary Policy Committee (MPC) showed on Wednesday.
"[Operation Twist] is not going to help foster a sustained economic recovery in the US. I think what quantitative easing or bond purchases does is it helps limit the downside that would otherwise potentially flow through if there were to be unwanted sharply higher yields in the bond market," James Shugg, senior economist at Westpac Bank told CNBC
The coordinated injection of dollars into banking systems by five of the world's largest central banks is the biggest news in the markets, Valentijn Van Nieuwenhuijzen, head of strategy at ING Investment Management, told CNBC.
Central banks are coordinating to open up funding for European banks, and the euro is up on the news. Whether it will last is another story.
The arm-in-arm effort by central bankers to increase U.S. dollar liquidity in Europe is essentially a band-aid solution, and the euro is already backing off its gains.
Five of the world's largest central banks have announced a coordinated injection of dollars into banking systems, in response to growing concerns over liquidity problems in the euro zone. However, analysts say, they cannot solve the underlying solvency crisis.
Central bankers across the globe acted today to end a growing dollar liquidity crunch for European banks by offering three-month dollar loans.