The Latest Breaking News from Bank of England

Charlie Bean says OBR forecasts are ‘flaky’ and cautions against trying to hit targets five years away

Major central banks are set to decide on interest rates this week, providing guidance on market trajectory. Investors will particularly focus on the Federal Reserve’s policy outlook, as the bank may step in and buoy a wobbly Wall Street after it fell into correction territory.

Experts warned against ‘the siren calls of protectionism’ amid fears the latest trade war escalation could derail economic growth.

The release of economic data was moved to 7am in 2020, and research has suggested that if the time was reverted, the ONS website could crash

Mark Carney will take over at a tumultuous time in Canada, which is in the midst of a trade war with the US

Mark Carney replaces Prime Minister Justin Trudeau, who announced his resignation in January but remains in post until his successor is sworn in

Mark Carney, the former Bank of England governor, has been named as Canada’s new prime minister succeeding Justin Trudeau ahead of the country's general election.

Former Bank of England governor Mark Carney will become Canada’s next prime minister

Watch the moment former Bank of England governor Mark Carney was announced as Canada’s next prime minister, succeeding Justin Trudeau after nine years in power.