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Showing 1 - 10 of 337 results for "Bank of England"

UK government to establish national wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2024
... change has begun." The Labour Party has worked with a taskforce in developing the fund, which includes former Bank of England governor Mark Carney, Aviva chief executive Amanda Blanc, and Barclays chief executive CS Venkatakrishnan. In designing the ...

UK, Japan slip into technical recession

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
... result of lower spending on recreation and culture, miscellaneous goods and services, as well as transport. The Bank of England (BoE) held rates at 5.25% on February 1, the fourth consecutive month in a row. Meanwhile, Japan's GDP contracted 0.4% in ...

British banker to become RBA deputy governor

CHLOE WALKER  |  TUESDAY, 28 NOV 2023
The Reserve Bank of Australia (RBA) has selected Bank of England (BoE) executive Andrew Hauser as its new deputy governor and as a member of the Reserve Bank board. Hauser is set to begin his five-year term in January, bringing with him over three decades ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
The Bank of England's (BoE) Monetary Policy Committee has voted five to four to hold the policy rate steady at 5.25%, while unanimously agreeing to reduce the stock of UK government bond purchases by £100 billion over the next year. In halting a run ...

AustralianSuper grows global team with numerous hires

ANDREW MCKEAN  |  TUESDAY, 1 AUG 2023
... investment strategies across all major asset classes. Shah, formerly of Tesco Pension Fund, has held roles at The Bank of England, Goldman Sachs, and BMO Global Asset Management. At AustralianSuper, Shah manages the fund's government bonds portfolios ...

Major economies buoyed by tight jobs market

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... including those imposed by Brexit, have made it more challenging to fill vacancies," Smith said. Consequently, the Bank of England is forecast to lift interest rates faster than the Fed for the remainder of 2023. Developed economies continue to be resilient ...

Bank of England launches first system- wide stress test

CASSANDRA BALDINI  |  TUESDAY, 20 JUN 2023
The Bank of England (BoE) overnight launched its first system-wide stress test to understand the behaviours of banks and non-bank financial institutions (NBFIs) in volatile financial markets. Recent chaos across UK markets has led to the system-wide ...

AustralianSuper hires investment lead in Europe

ELIZABETH FRY  |  FRIDAY, 5 MAY 2023
... ISPT, the $20 billion property fund set up by Australia's largest pension funds. He began his career in the Bank of England, first in the wholesale markets supervision division (covering the gilts market) and then as an economist. After working as ...

Review calls for Reserve Bank overhaul

JAMIE WILLIAMSON  |  THURSDAY, 20 APR 2023
... the most significant of which is a recommendation to split the RBA board in two - much like the structure of the Bank of England and Bank of Canada. This would see the creation of a Monetary Policy Board and a Corporate Governance Board; the former would ...

RBA rate rises up in the air: Economists

CASSANDRA BALDINI  |  FRIDAY, 24 MAR 2023
... "Enough to get inflation to fall to its 2-3% target but without delivering a recession," he said. Overnight, the Bank of England opted to raise interest rates, hiking them a further 25 basis points to 4.25%.
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