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Bank Of England - Page 3

Bank of England cuts rates to offset Brexit hit

The BoE cut its key bank rate for the first time since 2009, and announced further stimulus measures to offset the economic fallout from Brexit. Ref. Source 3d.

England Bank

Bank of England in Libor scandal:

The Bank of England has been implicated in fixing Libor rates by a BBC Panorama documentary called The Big Bank Fix which aired last night. Ref. Source 5s.

Bank Of England History & Civil Business Politics

Holy smokes, this would be quite a scandal if true. The flipping Bank of England is one of the oldest institutions of its type in the world. A scandal of this magnitude would be a crushing blow to its reputation. And when money is paper and not backed by anything other than the trust we have in our Governments reputation is important.

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Yeah it will be interesting to see what comes out of this scandal. I would not have thought they would stoop to something like this but I guess everyone is greedy.