The Latest Breaking News from Bank of England

Bank of England governor Andrew Bailey warns further rises likely if inflation remains high as critics accuse him of being ‘asleep at the wheel’ in bid to curb spiralling prices

Millions of homeowners across the UK are expected to be hit hard by today's announcement

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

Consumers are showing signs of resilience after figures today revealed retail sales rose in May.

Rolling coverage as the Bank of England lifts UK interest rates to a 15-year high, as it contnues to fight inflation

The average two-year rate continued to surge today, hitting 6.19%

With another Bank of England rate hike predicted for today, the Government is accused of being out of ideas and clueless about people’s financial predicament

The dollar index (DXY00 ) on Wednesday fell -0.46% on bearish technical sentiment, with the dollar index knocking on the door of last week’s 5-week low. The forex market remains focused on monetary policy differentials, with the ECB and Bank of England continuing to raise interest rates while the Fed...

Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates