The Latest Breaking News from The Bank of England

It is, perhaps, the nearest we’ve got so far to an admission from the Bank of England that things haven’t gone entirely to plan. Andrew Bailey, the Bank’s Governor, acknowledged last week that “some of the strength in core inflation…reflects second-round effects... And as headline inflation falls, these second-round effects…

Energy bills and a tight labour market continue to cloud predictions of a steep decline by the end of the year

The Committee said regulating cryptocurrencies as financial products risked giving people a false sense of security in the assets

Number of vacancies falls and more people rejoin workforce – but work is needed on skills and ill health

The Bank of England has changed its mind about the prospects for the UK economy. Having been predicting a recession in 2023 as recently as February, its latest May report is expecting a soft landing from the bout of high inflation and a year of interest rate hikes.

Revised outlook for 2023 and 2024 puts average growth for 27-member bloc at 1%

Your key questions on currency in an independent Scotland answered...

The UK’s new 4.5% base rate may seem high, but it’s actually quite low compared to the 1980s and 1990s

Impact of Bank of England’s decision to hike rates to 4.5% will be felt mostly by young families, thinktank says