Bank of England

The Bank of England has today announced it will make a number of reforms to improve the way it provides liquidity to the money markets.

The Bank of England may set interest rates as low as 2% by the end of 2009 to prevent a dangerous deflationary cycle, according to Tim Drayson, economist at Legal & General Investment Management (LGIM).

Abbey for Intermediaries has announced its tracker and offset mortgage rates will not change despite the Bank of England's recent base rate cut.

The Bank of England has made the shock move to slash interest rates a day early by 0.5% to 4.5%.

Consumer confidence has fallen further in September after remaining stable through the summer, according to Nationwide's consumer confidence index.

The Bank of England will have a statutory responsibility to maintain financial stability following the introduction of a new banking bill.

UK lending is set to fall even further as banks and building societies react to falling house prices and the economic downturn.

The Bank of England will ease its lending criteria for short-term loans in order to help banks during the liquidity crisis.

The Bank of England's weekly cash auction has seen a huge upsurge in demand as the money markets become increasingly strained.

The UK is likely to suffer a recession over the next twelve months, but it will be mild in comparison to those of the past, according to Andrew Sentence, a member of the Monetary Policy Committee (MPC).