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Category Bank of England

MainNewsBank of England
Bank of England to cut interest rates on Thursday

Bank of England to cut interest rates on Thursday

The Bank of England is getting ready to slash rates by 0.25 percentage points on Thursday, which will drop the UK’s benchmark interest rate from 4....
UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins

UK Tests Offline CBDC Payments—What This Means for Bitcoin and Privacy Coins

Offline CBDC payments are being tested right now by the Bank of England as part of their ongoing…
Bank of England explores Ripple’s inter-ledger protocol for synchronized RTGS payments

Bank of England explores Ripple’s inter-ledger protocol for synchronized RTGS payments

Bank of England was able to effectively conduct a Proof of Concept (PoC) exercise in collaboration with Ripple.
Ex-Bank of England Economist Says Digital Pound is a ‘White Elephant,ʼ Costly and Useless

Ex-Bank of England Economist Says Digital Pound is a ‘White Elephant,ʼ Costly and Useless

The Bank of England's digital pound project faces criticism from former economist Neil Record, who labels it a costly "white elephant" lacking publ...
Bank of England deputy governor warns of increased inflation risks

Bank of England deputy governor warns of increased inflation risks

Dave Ramsden, the Bank of England deputy governor, said the United Kingdom’s inflation risks had increased in the past few months. The policymaker ...