EghtesadOnline: Britain still faces a "challenging period" for financial stability despite resilience seen after the European Union referendum, and rules for banks must remain stay tight, the Bank of England said on Thursday.
EghtesadOnline: The Bank of England is expected to say on Thursday that it will still probably cut interest rates to a fraction above zero later this year, despite signs it overestimated the initial shock to Britain's economy from June's Brexit vote.
EghtesadOnline: Bank of England policymaker Ian McCafferty said more quantitative easing was likely to be required if the U.K.'s economic decline worsens, the Times reported on Tuesday.
EghtesadOnline: The Bank of England cut interest rates for the first time since 2009 on Thursday and said it would buy 60 billion pounds of government debt to ease the blow from Britain's June 23 vote to leave the European Union.
EghtesadOnline: Shares rose in Europe and Asia, lifted by gains in financial stocks, while sterling dipped against the dollar before a Bank of England policy meeting expected to deliver a first cut in interest rates since 2009.
EghtesadOnline: The Bank of England (BoE) must decide over the coming week how much trouble Britain's economy is in following the shock vote to leave the European Union, and how much firepower it can throw at the problem.