The Bank Of England

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Jeremy Hunt leaves 10 Downing Street in London after he was appointed Chancellor of the Exchequer following the resignation of Kwasi Kwarteng, Friday, Oct. 14, 2022. Chancellor of the Exchequer Kwasi Kwarteng said he has accepted Prime Minister Liz Truss' request he &quot;stand aside&quot; as Chancellor, paying the price for the chaos unleashed by his mini-budget. (Stefan Rousseau/PA via AP)

U.K. Treasury chief scraps nearly all government tax cut plans

By Jill Lawless and Danica Kirka - Associated Press

FILE - People pass the Bank of England in London, Wednesday, Sept. 28, 2022. On Tuesday, Oct. 11, 2022, The Bank of England expanded its efforts to stabilize the bond market to include inflation-linked bonds amid continuing concerns about the government’s budget.(AP Photo/Frank Augstein, File)

UK markets roiled after bank rules out extending help

By Jill Lawless and Danica Kirka - Associated Press

A woman walks past a headline posted on a wall in London, Tuesday, Sept. 27, 2022. The British pound has stabilized in Asian trading after plunging to a record low, as the Bank of England and the British government try to soothe markets nervous about a volatile U.K. economy. The instability is having real-world impacts, with several British mortgage lenders withdrawing deals amid concern that interest rates may soon rise sharply. (AP Photo/Frank Augstein)

Bank of England to buy U.K. bonds to avert financial risk

By Danica Kirka and Jill Lawless - Associated Press

From left, Jon Cunliffe, deputy governor for Financial Stability; Andrew Bailey, governor of the Bank of England; and James Bell, executive director for communications are seated during the Bank of England's financial stability report press conference, at the Bank of England, London, Tuesday July 5, 2022. The Bank of England is likely to announce its biggest interest rate increase in more than 27 years as it seeks to rein in accelerating inflation driven by the fallout from Russia’s invasion of Ukraine. (Stefan Rousseau/Pool Photo via AP, File)

Bank of England predicts recession at the end of the year

By Danica Kirka - Associated Press

An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong on Feb. 17, 2022. Cryptocurrencies have experienced their worst plunge since 2018. As prices drop, companies collapse and skepticism soars, fortunes and jobs are disappearing overnight, and investors’ feverish speculation has been replaced by icy calculation, in what industry leaders are referring to as a “crypto winter.” (AP Photo/Kin Cheung, File)

Bank of England: Crypto crashes show need for tougher rules

By Kelvin Chan - Associated Press

FILE - A bus drives past the Bank of England before the release of the Monetary Policy Report at the Bank of England in London, Thursday, May 5, 2022. The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high. (AP Photo/Frank Augstein, File)

Bank of England hikes interest rates but resists bolder move

By Danica Kirka - Associated Press

Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, May 4, 2022, in Washington. The Federal Reserve is expected to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation. (AP Photo/Alex Brandon) **FILE**

Surging inflation clears way for biggest Fed hike in years

By Christopher Rugaber - Associated Press

FILE - In this Wednesday, March 3, 2021 file photo, Britain's Chancellor of the Exchequer Rishi Sunak speaks during a press conference following the 2021 Budget, in 10 Downing Street, London. British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak indicated could be known as “Britcoin.” The Bank of England and the Treasury said Monday, April 19, 2021 that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally on the decline, partly as a result of the coronavirus pandemic. (Tolga Akmen/Pool Photo via AP, File)

‘Britcoin’ digital currency being considered by UK

By PAN PYLAS - Associated Press

FILE - In this file photo dated Thursday, Dec. 31, 2020, lorries pass a checkpoint to embark by ferry to Europe, at the port in Dover, England. Britain's Office for National Statistics said Friday March 12, 2021, that the British economy shrank in January as the nation was hit by a new round of coronavirus restrictions and Brexit slashed exports to the European Union. (AP Photo/Frank Augstein, FILE)

Bank of England: Cautious optimism over UK economic outlook

By PAN PYLAS - Associated Press

British bank Barclays resumes dividends despite profit fall

By PAN PYLAS - Associated Press

FILE - In this Monday, March 30, 2020 file photo, a large number of easyJet aircrafts parked on the tarmac of the Geneve Aeroport, in Geneva, Switzerland. British airline easyJet has posted its first full-year loss in its 25-year history as a result of the coronavirus pandemic. It laid out hope, however, that the rollout of vaccines will help it bounce back strongly next year. The airline reported a pretax loss of 1.27 billion pounds ($1.7 billion) for the year through September compared with a profit of 430 million pounds for the previous year. P (Salvatore Di Nolfi/Keystone via AP, File)

EasyJet posts first annual loss in 25-year history

By PAN PYLAS - Associated Press

FILE - In this file photo dated Monday, Dec. 16, 2019, Mark Carney, Governor of the Bank of England speaks at a Bank of England Financial Stability Report Press Conference, in London. Former governor of the Bank of England Mark Carney, who is the U.N.’s special envoy for climate change, laid out a strategy for financing efforts to cut carbon emissions, on Monday Nov. 9, 2020, calling on companies to be more transparent about their efforts. (AP Photo/Kirsty Wigglesworth, FILE)

UN envoy lays out strategy for financing climate battle

By DANICA KIRKA - Associated Press

A waiter prepares the closing of a pub in London's Soho area just before the start of a national lockdown for England, Wednesday, Nov. 4, 2020. A second lockdown in England is set to come into force on Thursday. It's a big blow to businesses that sweeps away any hopes that the British economy might have recovered by the end of this year a large proportion of the near 25% drop endured in the spring. (AP Photo/Alberto Pezzali)

UK bolsters economic support as England goes into lockdown

By PAN PYLAS - Associated Press

The Oxford Street Christmas lights stand lit up after being switched on today, in London, Monday, Nov. 2, 2020. British Prime Minister Boris Johnson on Saturday announced a new month-long lockdown for England that will start on Thursday, after being warned that without tough action a resurgent coronavirus outbreak will overwhelm hospitals in weeks. (AP Photo/Matt Dunham)

English retailers fret over Christmas as lockdown 2.0 looms

By PAN PYLAS - Associated Press

Bank of England asks banks on readiness for negative rates

By DANICA KIRKA - Associated Press

FILE - In this file photo dated Wednesday, March 11, 2020, pedestrians wearing face masks walk past the Bank of England in London. The Bank of England kept its main interest rate unchanged at the record low of 0.1% on Thursday Sept. 17, 2020, as it waits to see how the economy recovers from recession and what Britain’s future trade relationship with the European Union will be. (AP Photo/Matt Dunham, FILE)

Bank of England eyes sub-zero rates in face of virus, Brexit

By PAN PYLAS - Associated Press

FILE - In this Wednesday, May 13, 2020 file photo, a man walks across the Millennium Bridge in London as the country continues in lockdown to curb the spread of coronavirus. The Bank of England said Wednesday, Sept. 2, 2020 there are perfectly understandable reasons why the majority of office workers have yet to return to their pre-lockdown workplaces despite new guidance from the British government. (AP Photo/Tony Hicks, File)

Bank of England: Return of UK office workers to take time

By PAN PYLAS - Associated Press

FILE - In this Wednesday, March 11, 2020 file photo, pedestrians wearing face masks pass the Bank of England in London. The Bank of England left its benchmark interest rate at a record low of 0.1% on Thursday Aug. 6, 2020, as it expressed caution about how rapidly the United Kingdom's economy will recover from the COVID-19 pandemic. (AP Photo/Matt Dunham, File)

Bank of England says economy will take time to heal

By DANICA KIRKA - Associated Press

In this March 12, 2020, file photo, Venezuelan President Nicolas Maduro speaks during a press conference at the Miraflores Presidential Palace in Caracas, Venezuela. (AP Photo/Matias Delacroix, File)

British judge denies Venezuela access to gold in bank vault

By Danica Kirka - Associated Press

In this March 12, 2020, file photo, Venezuelan President Nicolas Maduro speaks during a press conference at the Miraflores Presidential Palace in Caracas, Venezuela. (AP Photo/Matias Delacroix, File)

Gold in London bank sparks battle between Venezuelan rivals

By SCOTT SMITH - Associated Press