The Latest Breaking News from The Bank of England

The average two-year rate continued to surge today, hitting 6.19%

The Bank of England is poised to raise borrowing costs again to combat stubbornly high inflation, which has failed to come down from its peak as quickly as expected

Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates

This morning’s UK inflation data can be described in just two words: truly horrible. With headline inflation stuck at 8.7 per cent and core underlying inflation rising from 6.8 per cent to 7.1 per cent, the Bank of England is facing a huge problem. Most thought the Bank’s key policy…

"The fear is that the situation could deteriorate from here"

More lenders may withdraw their deals by the end of the day

It had been expected that the rate would fall again, but it stayed the same

It had been expected that the rate would fall again, but it stayed the same

The rate of inflation stayed flat at 8.7% in May, despite hopes from economists that it would fall and provide some relief for households.