The Latest Breaking News from Bank of England

The Bank of England accompanied its most recent UK interest rate hike – the 12th in a row – with a warning that UK price inflation is likely to be higher for longer than expected due to soaring food costs. The bank has been hiking rates since December 2021 to…

City comment: Markets are losing faith in the Bank of England’s strategy

In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors

The Bank of England’s top economists faced questions on interest rates on Tuesday, 23 May.

‘We can afford to take more time to get inflation back down,’ says Andy Haldane

The Commons Treasury Select Committee held a rare sitting outside Parliament - and went to Threadneedle Street in the heart of the City of London to tackle the Governor and his deputies

Bailey said the only way to have prevented soaring inflation would have been to hike rates “well into double-digits” at the height of the pandemic

The Bank of England increased its base rate yet again in May 2023 to 4.5%, pushing borrowing costs to the highest level in almost 15 years. More than 6 million UK households will now see their mortgage payments increase by the end of 2025, with more than 4 million experiencing…