The Latest Breaking News from The Bank of England

The Bank of England is set to raise interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets expect the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point…

It would be the 12th consecutive time policymakers at the Bank of England have raised rates

Another increase to interest rates is likely this week – but there is hope on the horizon for struggling households

Property values in south of England fall most, while West Midlands records strongest growth

UK house prices rose in annual terms by just 0.1% in April, the smallest increase since December 2012, mortgage lender Halifax reports

Sluggish retail sales and credit card spending figures add to fears for British economy

It had been thought that rates had peaked, but continued increases in food prices have kept inflation stubbornly high

Economists think the Bank of England could raise interest rates by a further 0.25 percentage points on Thursday

US investment bank believes inflationary pressures could force monetary policy committee’s hand