Bank Of England

The Bank of England has decided to maintain interest rates at 5.25% for the fourth consecutive meeting, emphasising the need for "more evidence" that inflation is on a sustained downward trajectory before considering rate cuts. Andrew Bailey, Governor of the Bank of England, explained that they requ

The Bank of England (BoE) has again decided to maintain the base interest rate at 5.25%. This decision came amidst Governor Andrew Bailey's assertion that considerable effort is still needed to bring inflation down to the standard 2% target. The Monetary Policy Committee (MPC) voted six to three in

The House of Lords' Economic Affairs Committee has stated that reforms are needed to improve the Bank of England's performance and accountability to parliament.

The Bank of England (BoE) has voted to maintain the base interest rate at 5.25% for the second consecutive time, signalling a continued tight monetary stance into the foreseeable future against a backdrop of persistent inflation and subdued economic growth. Despite the grim economic outlook, the cen

August has witnessed a sustained surge in wages, one of the fastest since records began in 2001, according to the Office for National Statistics (ONS), sparking concerns over persistent inflation contrary to the Bank of England's expectations.

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

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.

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

Recent data emerging from Scotland's labour market has placed the Monetary Policy Committee's (MPC) next interest rate decision in a challenging position.

In its 14th consecutive increase, the Bank of England has raised interest rates by 0.25 percentage points to 5.25%, a move that slows down the pace of increases as signs emerge that the persistently high inflation in the UK is starting to ease.

New data from the Bank of England shows significant shifts in the borrowing and deposit behaviours of UK households and businesses in May.

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%.

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%.

April's UK inflation rate was reported at 8.7%, slightly higher than Bank of England's (BoE) forecast of 8.4%, but a drop from March's 10.1%. The deceleration in inflation was smaller than anticipated, leading to bond market sell-offs and mounting expectations for further interest rate hikes. The re

The Bank of England's Monetary Policy Committee (MPC) has today raised interest rates by a quarter of a percentage point to 4.5%, marking the 12th consecutive increase in borrowing costs.