A top banker and policymaker of the Bank of England (BoE), Silvana Tenreyro, categorically declared on Monday that some inflation drivers in the UK economy were expected to remain short-lived and added that the apex bank’s monetary policy can do little to affect them. A news report by Reuters quoted the top banker as saying […]
The Bank of England (BoE) Monetary Policy Committee (MPC) members on Thursday unanimously voted to hold interest rates at their record low of 0.1 per cent, thereby raising fresh concerns over rising levels of consumer price index (CPI) which some experts now believe could hit five per cent. The nine-member MPC unanimously voted in favour […]
Indications that cryptocurrency investment is gaining traction across geo-political zones globally have further been demonstrated as crypto asset ownership in the UK surged by a fifth to 2.3 million people from 1.9 million last year. Findings by the Financial Conduct Authority (FCA), UK financial regulator, showed that awareness about cryptocurrency trading and investments were also […]