The Latest Breaking News from Bank of England

Banks are cutting mortgage rates on products as competition amongst lenders intensifies - but what does it mean for first-time buyers and people remortgaging

Market expectations have increased for global central banks to ease their aggressive monetary tightening campaigns and begin cutting interest rates this year. With inflation pressures expected to continue receding, the Federal Reserve, European Central Bank (ECB), and Bank of England (BOE) are expected to lead the push to lower interest...

People’s confidence in the UK’s economic outlook improved towards the end of 2023, despite continuing to battle a cost-of-living crisis. Although it has strengthened over the year to December, “consumer sentiment” as this confidence is called, is still in negative territory.

Goldman Sachs says faster-than-expected fall in borrowing costs will ease the pain for millions