The Latest Breaking News from Bank of England

Jeremy Hunt says rising costs are still ‘number one enemy’

Inflation figures are released each month by the Office for National Statistics (ONS) to show how much the prices of everyday goods and services have increased over the last year

The Federal Reserve's aggressive campaign against high inflation dominated global financial markets this year. Starting this week, the action shifts to Europe, where inflation could prove stickier and harder to tame. That shift is likely to reverse some of the key market dynamics of 2022, most significantly a superstrong dollar.

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says