The Latest Breaking News from Bank of England

Economists are split over whether the Bank’s policymakers will decide it is the right time to reduce rates on Thursday.

A Treasury spokesman said there are no plans to alter the mix of coins, after doubts were cast on the future of the smallest denominations.

UK inflation remains at 2%, Bank of England faces decision on interest rates amid concerns of inflation resurgence.

UK inflation held steady in June as price rises across the country stayed at the Bank of England’s target level for the second month running,…

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.