The Latest Breaking News from Bank of England

The pound is weak, inflation is up, but it’s hard to discern any ideas from the Tories

The idea that central banks have rediscovered their mojo is not borne out by the diverging policies on rates they are making

Many experts are predicting a slowdown in price growth later this year, explains Ben Chapman

Equity benchmarks nosedived on Friday, with the Sensex crashing 866.65 points to close below the 55,000-mark amid a sell-off in global markets.

The Bank of England yesterday issued a stark warning to the British public that the economy is at risk of slipping into a recession as it raised interest rates to 1%

Pent-up lockdown demand and stamp duty holidays kept prices high, but rising mortgage rates and living costs may tip balance

Banks including HSBC, TSB and Santander have increased the rates on mortgages to take advantage of the Bank of England's rise, adding £50 a month to the cost of a typical £250,000 loan

Those on fixed rate mortgages will be shielded for now but it will drive up repayments for others on variable rates deals

The dollar index hovered near 20-year highs against major peers on Friday, as market sell-offs in the face of global recession fears propped up the safe haven currency. European stocks opened lower and were heading for their worst week in two months, following a rout on Wall Street, Reuters said.…