British mortgage approvals for house purchase rose in May to the highest level since December 2009, Bank of England data showed on Monday. The BoE said mortgage approvals numbered 58,242 in May, up from 54,354 in April. Analysts had forecast a much lower reading of 55,050. Consumer credit rose […]
Tag: Bank of England
Mark Carney named new Bank of England governor
Mark Carney has been named as the new governor of the Bank of England by Chancellor George Osborne. Mr Carney, the governor of the Canadian central bank, will serve for five years and will hold new regulatory powers over banks. He was a surprise choice for the head of the […]
Bank of England says took Geithner Libor views on board
The Bank of England confirmed on Friday it had received U.S. recommendations to overhaul the Libor benchmark at the heart of a global rate-rigging scandal, saying it had passed them on to the banking group responsible for the rate. Documents obtained by Reuters earlier on Friday showed that U.S. Treasury […]
