The Latest Breaking News from Bank of England

The results, however, were reported prior to the Bank of England’s decision to increase interest rates – a move which could put some off from buying.

GMB says Andrew Bailey should gain first-hand experience after he said workers should not ask for big salary rises

Rolling coverage of the latest economic and financial news

After years of being relatively low, inflation is now re-emerging with a vengeance. The Bank of England expects it to rise to more than 7% by the spring of this year. Shortages of both workers and goods in the economy mean prices are rising, and the spiralling cost of energy…

Andrew Bailey’s stance on pay restraint shows how out of touch the governor is, says Daniela Gabor of UWE Bristol

In the midst of a cost-of-living crisis, the Bank’s governor has betrayed a familiar disdain for those struggling to cope, says Guardian columnist Polly Toynbee

Bank of England’s interest rate rise and soaring household costs will hit affordability, says Halifax

Rolling coverage of the latest economic and financial news

The Bank of England has warned inflation could hit 7.25% by April

The Bank of England has warned inflation could hit 7.25% by April.

Downing Street also criticised the comments from the Bank of England governor