The Latest Breaking News from Bank of England

Bank of England likely to maintain interest rates amid UK inflation concerns. US Federal Reserve cuts rates.

September S&P 500 E-Mini futures (ESU24) are up +1.48%, and September Nasdaq 100 E-Mini futures (NQU24) are up +2.03% this morning on expectations the Federal Reserve’s half-percentage-point rate cut will steer the U.S. economy toward a “soft landing,” while investors awaited a new round of U.S. economic data and an…

Cautious Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs unchanged in 8-1 vote

Monetary Policy Committee votes to keep rates on hold

CPI rise is below expectations for second month running, but Bank knows headline figure is far from the whole story

Inflation in the U.K. held steady at an annual rate of 2.2% in August with higher air fares offset by lower fuel costs and restaurant and hotel bills

Bank of England expected to hit the pause button on interest rate cutes on Thursday

Annual rate in August unchanged, and hovering above Bank of England’s 2% target

Lower mortgage rates are helping to underpin the market, Rightmove said, but buyers are still price sensitive

Lower mortgage rates, an increase in property choice and relatively strong wage growth are helping to underpin the market, Rightmove said.

Nationwide, HSBC and NatWest cut their fixed mortgage rates