EghtesadOnline: The pound slid from an 11-month high versus the dollar and U.K. government bonds rallied after the Bank of England voted to keep interest rates unchanged, while also cutting the country’s economic growth forecast.
EghtesadOnline: U.K. regulators are starting a review into consumer borrowing after the Bank of England warned again about a potentially unsustainable buildup of debt.
EghtesadOnline: Bank of England Deputy Governor Ben Broadbent said the pound's fall after Britain voted to leave the European Union has acted as an important shock absorber for the economy, in a radio interview broadcast on Monday.
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 (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.