One of Ms Hogg’s responsibilities will be to sell back the £430bn of gilts the Bank has acquired since 2009 back into the bond market
Customers are being advised to check their £1 coins carefully
Governor says Bank’s actions should be recognised, amid criticism from Brexiteers
If we deem every ethical or religious assertion a trump card – overriding all else – in public policymaking the system will fall apart; it would be an open invitation to every crank and zealot to demand special and expensive public recognition for their own particular hobby horse
Ms Hogg, currently the Bank's chief operating officer, replaces Minouche Shafik, who is departing to become director of the London School of Economics
Average pay growth of 2.7 per cent in 2016 is expected to slow to 2.2 per cent in 2016, while inflation rises to 2.7 per cent.
‘In my view, if the real economy remains solid and the pick-up in the nominal data continues, this could soon suggest an increase in the bank rate,’ she said
PwC has “a relatively positive long-term growth projection for the UK” as a result of “favourable demographic factors and a relatively flexible economy by European standards”
The Bank of England Governor said it was ‘a much better balance’ for governments around the world to support growth through spending, rather than relying on monetary stimulus from central banks
Mark Carney said “the Brexit journey is really just beginning”, with “twists and turns” to come.
The Bank upgraded its 2017 GDP growth forecast to 2 per cent, up from 1.4 per cent in November.
In its latest Inflation Report the Bank upgraded its 2017 GDP growth forecast to 2 per cent, up from 1.4 per cent in November
Over 19 billion genuine euro bank notes are currently in circulation
The Independent talks to the distinguished economist as he steps down from the Treasury's fiscal watchdog-cum-forecaster
A quarter of consumers expect to see a rise in their wealth in 2017, compared to 21 per cent who thought so last year
The Governor said that if the Bank’s Monetary Policy Committee had not reduced the cost of borrowing by 0.25 per cent last August a quarter of a million UK jobs would have been lost due to lower growth