Image copyright Getty Images The UK s inflation rate fell in April for the first time since September, largely because of cheaper air fares after the Easter holidays. The Office for National Statistics (ONS) said the rate, as measured by the Consumer Prices Index, fell to 0.3%. The Bank of England said last week that it expected…
Bank of England has appointed Michael Saunders. Photograph: Anthony Devlin/PA Michael Saunders, an economist at the investment bank Citigroup, has been appointed to the Bank of…
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Inflation Means a sustained increase in the aggregate or general price level in an economy. Inflation means there is an increase in the cost of living. “inflation means that your…
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Top left to bottom right: 1. Beamish, The Living Museum of the North. Photo © Joel Fildes 2. Model Boat Case at National Maritime Museum Cornwall. Photo © Toby Weller / National…
On Dec. 23, 1913, President Woodrow Wilson signed the Federal Reserve Act. Over the next year, a selection committee made up of Secretary of the Treasury William McAdoo, Secretary of Agriculture David Houston, and Comptroller of the Currency John Williams decided which U.S. cities would be a place of residence for one of 12…
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Interest rates around the world, both short-term and long-term, are exceptionally low these days. The U.S. government can borrow for ten years at a rate of about 1.9 percent, and for thirty years at about 2.5 percent. Rates in other industrial countries are even lower: For example, the yield on ten-year government bonds is now…
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The impact of the Bank of England’s work is uniquely far-reaching. As the country’s central bank, we promote the good of the people of the UK by maintaining monetary and financial stability. The work we do, and the decisions we make, influences the daily lives of millions of people. Our primary role hasn’t changed for over 300…
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Market reactions to the BOJ’s announcements have been mixed, likely because the announcements were about a change in policy framework, not a change in policy stance per se. In particular, the announced target for the ten-year JGB yield is close to its current market rate, and no significant changes were made to other parts of…
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Carefully guarded in the Bank of England s vaults are a small number of very large banknotes. Called giants and titans , they are not in circulation for good reason - each is worth a sum of money most of us can only dream of. What are they for? When it comes to a £1m note, everybody thinks, What a fantastic thing ,says…
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Undergraduate Students Postgraduate Students International Students Sports Opportunities for All Students Sport Roehampton offers a range of sports clubs, competitions, exercise classes, dance based activity, social and recreational sport as well as an on-campus gym. Sport Roehampton also has a track record of supporting elite…
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A: In Britain, Black Wednesday (September 16, 1992) is known as the day that speculators broke the pound. They didn t actually break it, but they forced the British government to pull it from the European Exchange Rate Mechanism (ERM). Joining the ERM was part of Britain s effort to help along the unification of the European…
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Appropriations Committee Releases Fiscal Year 2017 Financial Services Bill Legislation will increase accountability at the IRS, target funds to the judiciary and law enforcement, and invest in programs to boost economic opportunity The House Appropriations Committee today released the fiscal year 2017 Financial Services and…
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Just a few streets away from the looming British Museum, the diminutive Cartoon Museum is easily missed but worth seeking out. Its mission is to preserve and promote British cartoon art, comic art and caricature and with a collection that dates from the 18th century to the present day, visitors of all ages will discover cartoons…
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