The Latest Breaking News from Bank of England

EY Item Club says the outlook for growth is hotting up and predicts interest rates under 5% by the end of the year

THE Bank of England has been hit by a "global payment issue" affecting its CHAPS service.

Rate cut seen in September rather than August as service sector inflation looks sticky

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

Jonathan Haskel warns state of jobs market means inflation is likely to be higher than 2% target ‘for quite some time’

The impact of higher mortgage costs is now biting hard. Three million UK households face the prospect of having to renew their mortgage within the next two years as their fixed-rate periods come to an end. While nearly two-thirds of all borrowers have already remortgaged at more expensive rates, a…

Rachel Reeves, Britain's first woman finance minister, is a former child chess champion and Bank of England economist who has pledged to grow the nation's economy while showing strong fiscal discipline.

The predicted ATM withdrawal total is expected to be lower than it was on December 12 2019, when the last general election was held.

PEOPLE in the UK have been told to keep a close eye on their bank notes after a new King Charles III £10 note sold for £17,000 at auction ...