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The Bank of England will replace historical figures on British banknotes with native animals. The public will vote on 18 shortlisted species, and Governor Andrew Bailey will make the final selection.
The IndependentThe Bank of England opened a public vote on 18 shortlisted animals, birds and insects to appear on future £5, £10, £20 and £50 notes, replacing historical figures on the reverse side for the first time since 1970.
bbc.co.ukThe Bank of England decided to maintain current interest rates in its latest meetings, citing volatility from the ongoing conflict. Oil prices hit $125 per barrel on Thursday morning before a sharp fall following a ceasefire announcement. Governor Andrew Bailey highlighted the im…
The IndependentThe Bank of England kept its base interest rate unchanged at 3.75% despite inflation climbing to 3.3% last month, citing uncertainty from the Middle East war disrupting oil supplies. Policymakers warned of potential inflation spikes up to 6.2% in extreme scenarios and signaled po…
Investors have adjusted expectations for Bank of England rate hikes in 2026 to almost 60 basis points, up from 30 basis points on Monday. This shift is reflected in the overnight index swap curve. The change indicates evolving market views on future monetary policy.
Substrate placeholder — needs reviewSarah Breeden, deputy governor of the Bank of England, warned of a potential private credit crunch resembling the banking sector's recent challenges. She downplayed the likelihood of a broader financial crisis. The statements highlight ongoing concerns in credit markets.