FCA’s Bailey becomes new Bank of England Governor

Andrew Bailey has been confirmed today as the new Governor of the Bank of England after three years as chief executive of the Financial Conduct Authority.

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Bank Rate held at 0.75% as growth forecast slashed

The Bank of England has held the Bank Rate at 0.75% as it cut forecasts for UK growth over the next two years.

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Investment Association plans new type of fund

The Investment Association (IA) is planning a new type of fund after the suspension of the Woodford Equity Income Fund and an attack on ‘open ended’ investments by the governor of the Bank of England.

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Bank of England freezes interest rates at 0.75%

The Bank of England has maintained interest rates at 0.75%.

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