Bank of England hikes rate to 5%

Bank of England hikes rate to 5%

(VOVWORLD) - The Bank of England raised interest rates by a bigger-than-expected half a percentage point on Thursday, the biggest hike since February to the highest rate since 2008,...
UK economy faces challenging period

UK economy faces challenging period

(Vovworld) - The UK economy is facing a challenging period of uncertainty and adjustment after it voted to leave the European Union, said the Bank of England (BOE) and the Financial Policy Committee...
UK to set tighter rules for foreign banks

UK to set tighter rules for foreign banks

(VOVworld) – The UK's Prudential Regulatory Authority (PRA), under the Bank of England (BoE), has set out tougher proposals for non-EU banks who want to open branches in the country...