The Latest Breaking News from The Bank of England

The House of Lords Economic Affairs Committee released a report that critiques the Bank of England's scope of operation amidst the current cost of living crisis.

The report highlights the risk of a vicious cycle, where low interest rates fail to stimulate meaningful economic growth and cause a recession.

The OECD slashes its economic growth forecast for UK, while increasing expected inflation rate

“Crucially, nobody could have reasonably foreseen this historically unprecedented pattern of shocks,” Jonathan Haskel said

City Voices: How inflation destroys your spending power

The financial impacts of Brexit have left UK business investment levels "chilled", according to the Deputy Governor of the Bank of England.

In a significant step towards reforming Australia’s Reserve Bank, Treasurer Jim Chalmers has stepped outside the bank and outside of Australia to select Andrew Hauser, a British economist, as its new deputy governor.

The governor of the Bank of England offered a scathing assessment of Britain’s future, saying interest rates will remain at 15-year highs and the rate at which inflation is falling will slow markedly this month

Might interest rates begin to fall soon? With inflation dropping below five per cent and the UK economy flirting with recession, it's the question everyone from the prime minister to first-time buyers is asking. But this morning, the Governor of the Bank of England poured cold sick all over the…