Sponsored by Bank of england

The new 5-pound notes are made from a polymer that promises to help the notes last longer.

The central bank also announced an expansion of its quantitative easing policy to ease Brexit's impact.

The measures, outlined by the central bank’s Financial Policy Committee Tuesday, could potentially free up to $197 billion for lending to businesses and households.

Brexit campaigner Boris Johnson, favored to become the next prime minister, said Britain could forge a relationship with the EU based on free trade and partnership rather than a federal system.

Despite some positive signs in the economy, inflation remains far below the central bank’s goal. The looming Brexit referendum is also a serious concern.

Low inflation and the prospect of Britain’s exit from the European Union were factors in the BoE’s decision, which was widely expected.

On Tuesday, the central bank released its last scheduled policy statement before the U.K. votes on June 23 on whether to leave the European Union.

The vote Thursday comes days after the government revised its 2016 growth forecast for the country’s economy down to 2 percent.

What if ecologists who study food webs and epidemiologists who study diseases could help central bankers predict the next financial crisis?

Nearly seven years after the Bank of England cut rates to a record low, the Bank has left them unchanged once again.

Although a rise in consumer spending helped offset the trade deficit, growth slowed to 0.5 percent in the quarter ending Sept. 30.

Interest rates have been held at 0.5 percent since March 2009, and most economists do not expect a rate hike before the second quarter of 2016.

As employment in the U.K. expands to a record high, the Bank of England is mulling its first rate hike since 2007.

Despite global economic uncertainty, the U.K. saw its unemployment rate fall with the highest number of people working since 1971.

The Bank of England's Mark Carney warned that the consequences for financial markets of averting climate change could be "huge."

The U.K.'s currency rose 0.4 percent after Thursday's vote to keep the interest level at a record low.

Growth continued for a 10th straight quarter, but market volatility -- thanks mostly to China's meltdown -- could end the streak.

Greek Prime Minister Alexis Tsipras still needs his own parliament to approve the deal.

Bank officials were instructed to avoid mentioning the purpose of the secret project in an email leaked to the Guardian in the U.K.

Last year, Britain was the fastest growing of any major advanced economy.

Gross domestic product grew by 0.3 percent in the January-March period, the Office for National Statistics said on Tuesday.

Weak demand in the euro zone has weighed on Britain's economy for years.

Only about one-quarter of the cash flowing into global investment banks derives from activity in the real economy.

Markets should not see it as an "aspiration" to return to the "under-priced" liquidity seen before the 2007-09 financial crisis, the bank said.

The Bank of England is studying financial risks associated with climate change and "stranded assets." Next up: The Federal Reserve.

U.S. stocks rallied Monday as the Nasdaq hit the 5,000 milestone for the first time since 2000 ahead of Friday's highly anticipated jobs report.

Mark Carney was speaking at an Institute of International Finance meeting.

The surprise move follows Denmark's rate cut and the Swiss National Bank's decision to drop its cap on the Swiss currency against the euro.

British inflation last month unexpectedly tumbled to 0.5 percent, its lowest in more than 14 years and far below the BoE's 2 percent target.