The Latest Breaking News from Bank of England

Both inflation and jobs data - two key pieces of information for the Monetary Policy Committee - will be published by the ONS this week

Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.

Bank of America (BofA) predicts that the Bank of England (BoE) will maintain its bank rate until August 2024, indicating a stable monetary policy in the UK.

Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.

UK heads away from recession as economy grows in November but weak expansion adds to pressure on the BOE for action

The Bank of England has imposed a fine on the former CEO of Wyelands Bank, highlighting regulatory action against misconduct in the financial industry.

Forecasters at three leading institutions suggest inflation rate will halve to 2% by April

Watch live as the Bank of England Governor Andrew Bailey, and other members of the BoE’s Financial Policy Committee answer questions from the House of Commons’ Treasury Committee on 10 January.

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.