The Latest Breaking News from The Bank of England

As they always said would happen, the polls began to narrow. Keir Starmer came unstuck on questions around taxation. The Rwanda scheme was finally up and running by late May. The Bank of England cut interest rates in mid-June. Nigel Farage decided to stay out of the campaign. And the…

Bank of England maintains interest rate at 5.25% despite inflation hitting 2%, reflecting confidence in economic conditions.

The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting.

Bank decision on interest rates comes a day after inflation fell to 2%

The house price figures were released as data showed that inflation slowed to 2% in May.

Recent UK inflation hitting 2% target sparks economic and political debates, impacting households and policymakers.

Hopes have been raised that lower levels of inflation will mean interest rates cuts and in turn lower mortgage costs

The house price figures were released as data showed that Consumer Prices Index (CPI) inflation slowed to 2% in May.

UK inflation slowed to 2 per cent in May, dropping to its lowest level since July 2021