Tag: bank of england
BofE Governor says UK must ‘welcome opportunities’ to rebuild EU relations
Four years after the UK officially exited the European Union (EU), the Governor of the Bank of England (BofE), Andrew Bailey, has emphasised the...
Ozone API implements new Open Banking standards V4.0
Ozone API, the model bank provider for Open Banking Ltd (OBL), has delivered an updated UK Open Banking model bank.The company has enhanced the...
Bank of England emphasises collaboration with AI Consortium
The Bank of England has established an Artificial Intelligence (AI) Consortium, as work to increase the technology’s adoption in the UK intensifies. Aiming to foster...
British businesses breathe a sigh of relief as bank rate falls...
After what likely felt like a lifetime to fatigued UK businesses and consumers, the Bank of England (BofE) announced yesterday that interest rates had...
Bank of England outlines blockchain, stablecoin & CBDC plans
The Bank of England’s (BoE) latest discussion paper surrounding various payment and digital asset innovations reveals that whilst the central bank is exploring these...
Bank of England affected by global payments disruption
The Bank of England’s CHAPS service was affected by a global payments outage yesterday (18 July), the UK central bank confirmed in a statement.The...
UK inflation hits Bank of England target for first time in...
The UK inflation rate has hit the Bank of England’s 2% target for the first time in three years as the country’s economy looks...
Former Spotify exec joins leading bookmaker as payments chief
Flutter Entertainment, one of the world’s biggest international betting operators, has hired Mark Shaw as its Director of Global Payments Strategy.Shaw is a veteran...
Charles III notes enter circulation but is Cash still King?
Banknotes bearing the likeness of King Charles III enter circulation across the UK today (5 June) as the country continues to go through a...
UK inflation falls to 2.3% in welcome boost to country’s small...
The UK economy breathed yet another sigh of relief this morning when it was revealed that the inflation rate has fallen to 2.3%, reducing...