The Latest Breaking News from Bank of England

The consumer prices index (CPI) measure of inflation rose in the 12 months to May to 9.1% - its highest level since 1982, as the cost of living crisis continues

Higher food, energy and record petrol prices push up inflation in May, as bread, cereal and meat become more expensive

EU withdrawal fuelling higher import costs and costing British workers nearly £500 a year, says Resolution Foundation

I’m tempted to look at a higher time frame chart of GBP/USD and say it looks cheap. Whether the pound has fallen due to the flash crash or COVID-19 concerns, buyers have always been quick to snap up GBP/USD anywhere between 1.24 and 1.16 levels. That might ultimately hold out…

Potential homeowners could find it easier to be approved for a mortgage as lenders are allowed to scrap an affordability test, the Bank of England has confirmed

The Bank of England has confirmed the change to mortgages

Lenders will no longer be required to check you can afford a more expensive mortgage than the one you're getting

The Bank of England has confirmed it is pushing ahead with scrapping a mortgage affordability test - despite interest rates climbing and fears that it could push house prices higher

Catherine Mann says Bank of England’s MPC is in danger of falling behind rival central banks

Treasury officials’ fear that rising pay in pursuit of rising prices will create a vicious circle may be unjustified

Standard variable rate reached 4.91% at the start June – before last week’s rise in base rate by the Bank of England