Bank Of England

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August saw an increase in net borrowing of mortgage debt by individuals, marking the fourth consecutive month of growth, with a significant rise to £1.2 billion, up from July's £0.2bn. In contrast, the UK observed a decline in net mortgage approvals for house purchases, dropping to a six

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The Bank of England (BoE) has opted to maintain interest rates at 5.25% in a tightly contested vote. The decision follows almost two years of consecutive rate rises and is seen by experts as a potential peak, considering the better-than-expected inflation data received recently.

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A significant drop in inflation was recorded for July, with the Consumer Price Index (CPI) having decreased from 7.9% to 6.8%. The drop is in line with the Bank of England's projections and was expected, particularly in light of the preceding month’s energy bill cut. Nevertheless, core inflati

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The Monetary Policy Committee (MPC) of The Bank of England has announced an increase to the base interest rate from 4.5% to 5%, marking the 13th consecutive rise. The decision was supported by a 7-2 majority, with members having preferred to maintain rate at 4.5%.

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The Bank of England is expected to again hike the base rate tomorrow as UK inflation remained at a stubborn 8.7% last month, with core inflation, which excludes volatile items such as food and energy, reaching its highest level in 30 years at 7.1%.

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The Bank of England's governor, Andrew Bailey, has downplayed the possibility of an impending financial crisis, characterising the recent sell-off of European bank stocks as investors "evaluating" lenders and asserted that the global financial landscape is not in the same position as before the 200

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Members of the Bank of England's monetary policy committee (MPC) have voted to to increase the bank rate by 0.5 percentage points to 4%. The meeting took place yesterday and the vote to increase the rate by 0.5pp was a majority of 7–2. This is marks the tenth consecutive increase. Two members

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