The Latest Breaking News from Bank of England

City voices: Without economic pain, nothing changes

HMRC has confirmed its interest rate will rise following the Bank of England announcement on Thursday

The dollar index (DXY00 ) on Thursday rose by +0.33% due to hawkish global central banks and a +7.4 bp rise in the 10-year T-note yield to 3.793%. The dollar also saw support from U.S. economic reports that were mildly stronger than expected overall. EUR/USD (^EURUSD ) fell by -0.27%,...

Rates will remain at level until summer 2024 after Bank of England hikes benchmark rate by half a percentage point

Following Bank of England's decision to hike interest rates to five per cent, single mum Abigail Tunstall has shared the struggle it will cause her and millions of others across the UK

PM says he still backs Andrew Bailey despite criticism he has failed to take the right measures to curb inflation

The Money Saving Expert has had his say after previously warning that the mortgage ticking time bomb is 'exploding'

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

The Bank of England has increased its base interest rate from 4.5% to 5% in a bid to tame inflation. It is the 13th hike in row and the highest the rate has been for 15 years. 

Mortgage rates are at their highest in almost 15 years

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.65%. U.S. stocks have overcome early losses and are trading...