Bank Of England

Leaders from the world’s largest financial institutions have arrived in Edinburgh for a summit to address the climate emergency and other pressing global challenges.

High street banks in the UK have failed to mirror the Bank of England's latest interest rate hike to millions of savers, with customers stuck with rates as low as 0.01%. The UK's ten largest banks have still not increased rates on their easy access savings accounts after the 0.5% increase in the bas

The Bank of England’s Monetary Policy Committee (MPC) has announced an interest rate hike of 0.5% today in the face of rising inflation. At its meeting ending on 3 August 2022, the MPC voted by a majority of 8-1 to increase Bank Rate by 0.5 percentage points, to 1.75%. One member preferre

The rate of credit card borrowing has reached 12.5%, the highest annual growth rate since 2005.  Figures in the Bank of England's Money and Credit June 2022 report show that individuals borrowed an additional £1.8 billion in consumer credit in June, on net, following £0.9 billi

Andrew Bailey, the governor of the Bank of England (BoE) has revealed that the bank is leaving "all options on the table", including a 50 basis-point interest rate increase in an attempt to fight back against rising inflation. Mr Bailey told an audience of global central bankers at the European Cent

The Bank of England has announced that it will withdraw its mortgage stress test from the start of August this year. In March, the bank's Financial Policy Committee proposed withdrawing affordability rules that were put together after the financial crisis and require banks to check whether borrowers

The Bank of England (BoE) has raised interest rates again, from 1% to 1.25%, as it attempts to fight rising inflation. The bank’s Monetary Policy Committee (MPC) by a majority of 6-3, voted to increase the bank rate by 0.25 percentage points.

The Bank of England (BoE) has raised interest rates from 0.75% to 1%, in an attempt to fight rising inflation. The bank's Monetary Policy Committee (MPC) by a majority of 6-3 to increase the bank rate by 0.25 percentage points. Those members in the minority preferred to increase the rate by 0.5 perc

The Bank of England’s anticipated relaxation of lending rules this week risks a potential housing price crash, according to property firm DJ Alexander Ltd. The firm said that the banks’ predicted decision to ease the stress testing limits to allow increased borrowing for buyers will pote

The Bank of England has increased the interest rate for the third time in four months, with rates rising from 0.5% to 0.75%. The increase means that rates are now at their highest level since March 2020, when COVID-19 lockdowns were first implemented.

The number of homeowners remortgaging their properties crept back towards pre-coronavirus pandemic levels at the end of 2021, according to new figures published by the Bank of England (BoE).

The Bank of England has launched a consultation on whether to scrap affordability rules for mortgage lending. In 2014, the bank's Financial Policy Committee (FPC) introduced two Recommendations to guard against a loosening in mortgage underwriting standards and a material increase in household indeb

The Bank of England’s Monetary Policy Committee (MPC) has voted to increased interest rates by 0.25% to 0.5%. The committee voted by a majority of 5-4 at a meeting yesterday.

The Bank of England has raised interest rates from 0.1% to 0.25% in an attempt to fight rising inflation. The increase marks the first time that the bank's Monetary Policy Committee (MPC) has risen the rate in more than three years.

UK interest rates will remain at their historic low of 0.1% for at least another month, the Bank of England's monetary policy committee has decided. The committee voted by 7-2 to maintain the existing base rate, despite considerable speculation that it would back an increase. Two members backed an i