Go inside the global economy with Stephanie Flanders in her new podcast, Stephanomics. Subscribe via Pocket Cast or iTunes. New payments services like Facebook Inc.’s Libra could be granted unprecedented backing from the Bank of England under plans announced by Governor Mark Carney. The BOE is planning to consult on allowing more firms to hold reserves at the central bank, which could “empower a host of new innovation,” Carney said in prepared remarks for a speech in London Thursday. At present, only commercial banks can store funds overnight. However, the governor repeated that Facebook’s new cryptocurrency, which ... (full story)