Trump tariffs loom over Bank of England's best-laid rate cut plans
Nov 7, 2024 · Bank of England Governor Andrew Bailey stuck to his script outlining gradual interest rate cuts on Thursday, but Donald Trump's White House return and threats to impose tariffs could force a...
BoE's Bailey says bank rules were delayed because of US …
1 day ago · LONDON (Reuters) -Bank of England Governor Andrew Bailey said he was optimistic that tougher global bank capital rules would ultimately come into force despite uncertainty over whether Donald Trump's administration will implement the so-called Basel 3.1 regime. Bailey told the British parliament's cross-party Treasury Committee that although the Basel rules were controversial in the United ...
Bank of England delays new capital rules ahead of Trump …
Jan 17, 2025 · The Bank of England has delayed the start of new capital rules for British banks by a year while it waits to see how the incoming Trump administration will implement the global Basel...
BoE's Bailey says bank rules were delayed because of US …
16 hours ago · The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on ...
Bank of England prepares to cut rates despite Trump election …
Nov 6, 2024 · Borrowing costs hit 17-year highs and sterling falls as the budget and Donald Trump’s imminent return dent confidence.
Bank of England to cut rates gradually as the world braces for Trump…
Nov 19, 2024 · The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split on the impact U.S. President-elect...
Bank of England issues mortgage rate warning to 4.4 million …
Nov 29, 2024 · Around half the UK's mortgage holders face paying higher rates over the next three years, the Bank of England has warned, while sounding alarm over the potential impact of Donald Trump's looming return to the White House. Its latest financial stability report - released twice a year - showed 4.4 million homes were set to refinance at higher rates.
Bank of England mortgage warning as governor blames Rachel …
Nov 19, 2024 · The governor of the Bank of England has blamed the election of Donald Trump and the UK budget for recent increases in the cost of fixed rate mortgages.
'Tariffs can fracture the global economy': Bank of England ... - LBC
Nov 7, 2024 · The Governor of the Bank of England has warned that trade tariffs proposed by Donald Trump could cause a "fracturing" of the global economy.
How will central banks react to Trump? - Financial Times
Nov 14, 2024 · Bank of England The UK is a services-dominated economy. Unlike Germany, it does not have a large, export-oriented industry on which large Trump tariffs would be devastating.