The Latest Breaking News from Bank of England

As global central banks have raised interest rates, the Bank of England (BoE) has increased in the past 14 meetings due to elevated inflation. Recently, the BoE governor spoke to the UK Parliament and stated that the central bank was approaching the conclusion of its interest rate hikes. The timing…

UK house prices are falling at fastest pace since 2009 on annual basis, reports Halifax, down in every region

House prices fell 5.3 per cent in August, the biggest annual percentage drop since 2009

House prices fell by 5.3% annually in August, taking the average property value to £259,153, Nationwide Building Society said.

The Bank of England’s top economist said interest rates may not peak as high as expected, but should stay high for “sufficiently long”

Huw Pill says he prefers longer, more steady use of interest rates of Table Mountain model over sharp rise and fall of Matterhorn approach

Bank report says companies making excess profits confined to certain sectors of economy such as energy and retail

Experts pointed to the impact of concerns about the wider economy on the housing market for the fall.

July is traditionally busy month for home buying but surge in interest rates has begun to ‘take its toll’