‘Has monetary policy robbed savers to pay borrowers? In a word no,’ said the Governor in a speech in Liverpool
New economic modelling research from the Bank suggests all regions of the UK have benefited from the monetary stimulus in terms of incomes, employment and wealth
A buy-to-let bust, lower incomes, Brexit and homeowners failing interest rate stress tests could mean that the bubble is about to burst
The external Monetary Policy Committee member said such gripes reflect only a partial view of the financial position of savers
Years of near-zero interest rates, here and elsewhere, have become destructive, and the conventional wisdom of central bankers that the benefits exceed the costs may be quite wrong
Negative rates point to the fact that the global economic system cannot generate sufficient income to service, let alone repay, current debt levels - and that means trouble
Until now, the case for banning cash has been couched in terms of deterring criminality, eliminating tax avoidance or even improving hygiene – but it would also allow banks to set negative interest rates
A member of the Bank of England’s nine-person Monetary Policy Committee has indicated she is not inclined to vote to cut interest rates still further later this year, citing the better than expected performance of the economy in the wake of the Brexit vote.
New figures show average credit card interest rates are rising - soaring in some cases - despite the record low Bank of England base rate
Our Economics Commentator says that, after seven years of ultra-easy money, we must look to America for the answers
Co-op Bank losses before tax in the first half narrowed to £177m but the bank’s chief executive warned it was facing considerable challenges
Stocks hold lower on Tuesday as slightly-more hawkish commentary from the Federal Reserve's William Dudley and Dennis Lockhart increases the chances of a near-term rate hike
The timing of the Federal Reserve's next rate hike right is critical, since a mistake could hurt the economy, but can policymakers get it right?
Battling sky high interest on your plastic? Stop. Here’s how
Another big loss, plans to float Williams & Glyn dropped, more criticism from analysts. Taxpayers are entitled to ask chief executive Ross McEwan when the improvements he keeps talking about are going to come
The Big Questions: Will your mortgage repayments fall, will your savings earn less interest, and will this stimulus really help the economy grow?