Sterling hits its weakest since mid-March
Mark Carney begins work at the Bank of England tomorrow. There is a great temptation, as you can see from the stuff that is being written about the appointment, to see this as leading to a significant shift in policy – something that will enable the UK economy to reach “escape velocity”. The fact that the Bank has been given additional responsibilities for regulating the banking system, making the job on paper at least more powerful, increases the temptation.
Croatia already effectively lives with interest rate decisions made by the European Central Bank so it might as well sign up for full membership
Ecnomic View: Understandably there has been criticism of the timing and phraseology of the Bernanke speech
Total unemployment rises to 19.4 million amid fresh criticism of austerity
The Bank of England today decided against giving a further boost to the British economy in Governor Sir Mervyn King’s penultimate meeting at the helm.
It is, for our politicians at least, a long weekend for reflection. There is the specific matter of the gains by the UK Independence Party in the elections last Thursday, a sharp enough advance to affect the policies of all parties towards Europe in the months ahead.
The eurozone was still embroiled in an acrimonious dispute tonight over whose idea it was to impose a tax on the savings of ordinary depositors in Cypriot banks – a decision that has instigated a financial panic on the Mediterranean island and reactivated the wider eurozone sovereign debt crisis.
Tension builds over Japan's efforts to drive down yen, but ministers resist crackdown
Athens has got its Troika bailout cash and seen its credit rating upgraded. So can Greece now breathe a little easier? Not so fast, says Ben Chu
A foreigner is now the most powerful unelected official in England
The jobless rate in the euro area climbed to a record in September as the fiscal crisis and tougher austerity measures threatened to deepen the economy's slump.
Report says taxpayers would bear brunt of the measure without funding from the ECB
One Spaniard in four is now officially out of work as the economic crisis tightens its grip on the country.