Friday 26 December 2014
 
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BoE

UK economy 'may contract in 2011'

Britain's economy could suffer  another period of contraction in 2011, the Bank of England's  executive director for markets Paul Fisher said in a newspaper  interview on Thursday. "It's not impossible that we would see a qu

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Banks deny mortgage security buyout plan

 The Federal Reserve and Bank of England (BoE) denied a report that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis. However, the BoE said it w

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