In order to maintain the size of its newly enlarged asset-purchasing program, the Bank of England opted to hold base interest rates at record lows on Thursday.   The base rate of 0.25 percent, which was cut in August, was decided to be held by the bank's Monetary Policy Committee (MPC) which...

Volume of mortgage lending in the UK by the end of July decreased by 12% compared to the same period last year. This is evidenced by the UK Council of Mortgage Bankers (CML). Volume of mortgage loans in July amounted to only 10.6 billion pounds ($ 14 billion), up 13% compared with June. There were...

Money managers are bracing for a last-minute exodus of as much as $300 billion from funds in regulators’ cross hairs with a seismic overhaul of the $2.6 trillion money-market industry weeks away from kicking in.   At the center of the upheaval are prime funds which seek higher yields by buying...

According to Oxford Economics, there can be grave implications for the world’s largest economy by a win for U.S. presidential candidate Donald Trump.   U.K.-based economists Jamie Thompson and Sarah Maxwell said in a note that 5 percent off where U.S. gross domestic product (GDP) would...

In comments that solidified the view the central bank would leave interest rates unchanged next week, Fed Governor Lael Brainard said that the Federal Reserve should avoid removing support for the U.S. economy too quickly.   Brainard said that the United States still looked vulnerable to...

Saudi Arabia elbowed the United States from position of the largest oil-producing country in the world, says report of the International Energy Agency. Expected balance of global oil market has been delayed, the agency warned. Saudi Arabia managed to outflank US oil production. Since May, daily...

Speculation that the European Central Bank is pressuring governments to take up the baton to simulate growth was prompted after a rather muted and lackluster media conference by Mario Draghi, the president of the central bank.   In investors were disappointed as Draghi gave very few hints on...

Economists from Credit Suisse and Morgan Stanley improved growth forecast for 2016 and 2017. They abandoned their expectations of recession, but experts still believe that the decision on Brexit will continue to constrain growth of the British economy. The revision stems from good indicators of the...

Within a month’s period, the pension fund gains “£100bn”. Digitallook reports that overall the deficit of “pension funds” in the United Kingdom has grown by “£100bn” within a month’s time, whereby totalling to “£710bn”. Moreover, the PricewaterhouseCooper’s research showed that the liability of the...