Bank Of England

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.

Mortgage approvals in the UK increased significantly to 52,000 in March, up from 44,100 in February, as per the Bank of England's Money and Credit report.

Governor Andrew Bailey has revealed that the Bank of England is contemplating reforms to the UK's bank deposit insurance guarantee scheme, which may result in increased protection for customers.

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

Amid instability in the US and European banking systems and an unexpected jump in inflation to 10.4% during February, the Bank of England has announced another increase to the base interest rate to 4.25%.

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

Experts have said the Bank of England's Monetary Policy Committee may not increase interest rates by a further 50 basis points (bps) as previously expected, due to the likelihood of a deep recession lessening.

The governor of the Bank of England (BoE), Andrew Bailey, has suggested that the base rate will peak at 4.5%, down from a previously expected 6% or higher. The UK economy is will still enter a recession but the BoE's newest projections show that inflation is set to fall rapidly from spring.

In November, UK credit card borrowing reached its highest level since 2004 as pressure mounts on households from rising living costs.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to raise the base interest rate from 3% to 3.5% - the highest rate for 14 years. The MPC voted by a majority of 6-3 to push up the bank rate, this is the ninth time in a row the rates have been increased.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has voted to raise the base interest rate to 3%, a 0.75pp increase from 2.25%. This BoE interest rate hike follows the US Federal Reserve's decision to hike the US base rate by 0.75pp yesterday.

Just Stop Oil supporters have sprayed orange paint onto the Bank of England and three other buildings in Central London, demanding that the government halts all new oil and gas licences and consents. The six activists sprayed orange paint from fire extinguishers on the Home Office, the MI5 building,