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A general view shows the Bank of England in the City of London financial district in London

Bank Of England To Review Systemic Risks Posed By AI

As the use of artificial intelligence (AI) becomes more widespread, the Bank of England's financial policy committee has grown increasingly concerned about the systemic threats posed by the broader adoption of AI.

The Bank of England is making its latest interest rate decision as Britain faces a lingering cost-of-living crisis and oil prices rally amid the Israel-Hamas war

Bank Of England Set To Hold Interest Rate

The Bank of England was expected Thursday to keep its interest rate on hold for a second successive meeting, as Britain battles stubbornly high inflation and weak economic growth.

The Bank of England said top UK lenders would remain resilient even 'if economic conditions turned out to be much worse than we expect'

BoE Keeps Interest Rates Unchanged For First Time In Almost Two Years 

The pause comes after 14 consecutive increases as consumer prices in the UK rise less than expected.

Elevated inflation is eroding the value of workers' wages, causing mass strikes across Britain

UK Economy Ekes Out Growth In First Quarter

After narrowly avoiding recession last year, the economy advanced 0.5 percent in January before flattening in February and sliding 0.3 percent in March, the Office for National Statistics said in a statement.

Bank Of England Approves UBS's Credit Suisse Takeover In UK: Sources

Change of control approvals by regulators typically can take up to 60 working days to secure in Britain.

European Union flags flutter outside the European Central Bank (ECB) headquarters in Frankfurt

ECB Gets Ready For A Pivot On Policy Rates — What Will The Bank Of England Do?

According to some estimates, interest rate hikes can take up to 18 months to affect the economy. Thus, the ECB may want to pause and see how the recent interest rate hikes will impact the eurozone economy before its next move.

While Bank of England Governor Andrew Bailey may find himself under scrutiny for his previous role as Britian's top securities regulator, he has also shown himself ready to defend the City at all costs in tussles with the EU

Bank Of England Governor Says Bitcoin Has No Intrinsic Value

Andrew Bailey appeared on the Jobs of the Future podcast to discuss Bitcoin, the world's biggest cryptocurrency, and the future of blockchain technology, and said that he doesn't believe that Bitcoin is a practical means of payment.

The Bank of England says it will "likely be necessary" to have "some modest tightening of monetary policy" to bring down inflation

Why Bank Of England Reps Are Saying Crypto May Eventually Be 'Worthless'

Bank of England Governor Andrew Bailey has expressed concern over rapidly emerging cryptocurrency assets, stating that they could be dangerous for regulated financial firms.

The Bank of England is widely expected to raise interest rates in response to inflation at double its target pace

BoE Governor Cautions Banks About Crypto, Says It Could Be A Financial Stability Risk

"It probably isn't a financial stability risk today but it has all the makings of something that could become one," Andrew Bailey said.

The cryptocurrency sector is known as a bit of a roller coaster ride for investors, and is being watched warily by authorities and regulators concerned about its lack of transparency

Crypto Could Cause Global Financial Crisis Of 2008-Levels, Bank Of England Official Warns

As the crypto market explodes in value, regulators worldwide are worried about a 2008 like global financial implosion. The latest being a Bank of England official, who likened the unregulated, interconnected, and leveraged crypto market to the subprime market before the Great Recession of 2008.