Bank Of England

The Bank of England (BoE) has announced additional measures to an orderly end of its purchase scheme. On September 28, the bank announced a temporary and targeted intervention to restore market functioning in long-dated government bonds and reduce risks from contagion to credit conditions for UK hou

The Bank of England and HM Treasury released updates as the Pound fell greatly in value following the government's fiscal announcements. The Chancellor of the Exchequer, Kwasi Kwarteng, announced that he will outline further regulatory reforms to the UK’s financial services in the next mo

The Bank of England (BoE) has raised interest rates again, from 1.75% to 2.25%, as it attempts to curb rising inflation and return to its standard 2% target. The vote was close as the bank’s Monetary Policy Committee (MPC), by a majority of 5-4, passed the measure to increase the bank rate by

As the the recent increases in petrol prices slightly unwound, the Consumer Price Index (CPI) recorded a 0.2% drop in inflation for August, bringing inflation to just below 10% at 9.9%. The drop was largely influenced by a 6.8% month-to-month fall in petrol prices, but at the same time food prices r

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).