The Latest Breaking News from Bank of England

The president-elect’s unpredictability on trade has experts guessing about his impact on the UK economy – but some find glimmers of hope in the gloom

Andrew Bailey is a walking market mover. Every time the Governor of the Bank of England opens his mouth, he knows it could impact the cost of UK government borrowing, or the price of sterling, or any number of things. Consequently, his public statements are rarely made off the cuff.

Rolling coverage of the latest economic and financial news

Catherine Mann, an economist and member of the Bank’s Monetary Policy Committee, has not yet opted to reduce rates.

The changing outlook for interest rates and rises in swap rates which are used to price home loans have had an impact, some experts said.

HSBC UK said it is increasing fixed-rate mortgages this week

The high street bank is increasing fixed rates for most residential rates for new buyers and remortgage customers by up to 0.29%

Keir Starmer can show UK is ‘open for business’, says former Bank of England chief economist Andy Haldane

Hamptons says ‘modest’ rises can be expected amid ‘dampening effect’ of higher interest rates overall