Bank of England News
The Bank of England is one of the main financial authorities and is the central bank of the United Kingdom. The Bank of England is the second-oldest bank in operation and the most influential of them, having served as a role model for other countries’ central banks. There are a lot of services provided by the Bank of England. For example, the Bank of England provides a quarterly inflation report that sums up all the results of monetary policies. The Bank of England is also in charge of economic growth forecasts and some other financial predictions and research. The Bank of England is the custodian of the gold reserves of the United Kingdom and the official gold reserves of around 30 other countries. The Bank of England is the banknote issuer of UK and has a contract with De La Rue plc. – an English banknote manufacturing company that prints all the modern banknotes of the UK.
In a recent survey, British adults expressed concerns of personal privacy and government interference on the prospect of a government-backed digital currency.
Poll shows Brits concerned over the prospect of a digital pound
“While I believe in the power of new technology, we also need to manage its impact on our economy and society,” said Rishi Sunak.
UK chancellor names CBDC on list of financial reforms for Treasury
The Bank of England’s executive director of the Financial Market Infrastructure Directorate says that stablecoins are hardly “launching us off into some brave n...
Stablecoins not that radical, says Bank of England official
The Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital cu...
BoE tackles ‘difficult and pertinent’ questions about digital money
The Bank of England's deputy governor has argued that, with the possible rise of non-bank actors issuing currency, public money in digital form could serve as a...
UK will likely need to issue a digital currency, says BoE deputy governor
Central bank digital currencies face a tricky trilemma when it comes to ensuring they are well designed. What’s the answer?
The challenges with designing a CBDC, explained
England’s central bank warns crypto investors to be wary of the risks associated with buying cryptocurrencies.
Bank of England governor issues crypto investment warning