A US economist has warned that the Bank of England and other central banks "should have started getting worried several years ago" after at least two banks withdrew gold bullion from the vaults and sent it to the US.

Bank of England policymakers do not have a consensus about how fast the central bank should cut interest rates, even though they all agreed to use the word "gradual", Monetary Policy Committee member Swati Dhingra said on Monday.

Deutsche Bank now forecasts inflation could soar to 4.25% by summer, making further rate cuts a dangerous move. Chief UK economist Sanjay Raja warned that interest rate reductions might have to be “more backloaded than frontloaded” – meaning the BoE could be forced to hold off on cuts for longer than expected.

Mr Staley is challenging the FCA’s findings and the ban at the Upper Tribunal in London, with a hearing ... including the current Governor of the Bank of England, Andrew Bailey, who was the ...

The physical moves have drawn market attention, with gold prices hitting a record high just below $3,000 a troy ounce.

Bank of England Monetary Policy Committee member Swati Dhingra has been reappointed to her role as an external member of the central bank's rate-setting body for a second three-year term, the British government said on Monday.

British home prices will rise faster than previously expected this year, but the increase will be outpaced by surging rental costs as demand outstrips supply, a Reuters poll found.

For centuries, gold has been the go-to haven asset in times of political and economic uncertainty. The fact that it’s tangible gives people a sense of safety.

A leading academic from the London School of Economics (LSE) Swati Dhingra has been re-appointed for a further three years as an external member of the Monetary Policy Committee (MPC) of the Bank of England.

Bank of England rate-setters are sounding the alarm on inflation, warning that the central bank may need to hold off on further interest rate cuts