The Latest Breaking News from Bank of England

Expert sounds warning as Bank of England economist says inflation ‘uncomfortably high’ amid cost of living crisis

Sterling’s recent tumble is just the latest in a saga of painful episodes for successive UK governments. During the post-war era of “fixed but adjustable” exchange rates, British politicians were regularly faced with the terrifying risk of a currency devaluation. Poor underlying competitiveness left successive administrations facing severe trade deficits.…

Economic forecasting is a mug’s game.

The British Chamber of Commerce want an immediate VAT cut and a reversal of recent National Insurance rises in an emergency snap budget

Worries over global growth hit stocks and metals prices, and the pound falls again

The senior minister urged caution around increased public spending with inflation likely to be pushed even higher as a result

A study of 2,000 homeowners found 61 per cent were underprepared due to a lack of knowledge about the process

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

The bank, once a herald of globalisation, is struggling to placate investors amid US-China trade wars and crisis in Hong Kong

The Bank of England confirmed an increase in the base rate to its highest level since 2008