The Latest Breaking News from Bank of England

As the use of artificial intelligence (AI) becomes more widespread, the Bank of England's financial policy committee has grown increasingly concerned about the systemic threats posed by the broader adoption of AI.

Live, rolling coverage of business, economics and financial markets as Bank of England’s Andrew Bailey calls for UK to ‘embrace AI’

OnePlus is about to launch its next premium-grade phone and, alongside it, the company will debut a new ultra-bright BOE X1 OLED display.

The Bank of England’s governor has repeatedly warned that it will not cut UK interest rates any time soon, even with a recent sharp fall in consumer price inflation.

Bank of England figures showed that 47,400 mortgages were approved for house purchases in October.

Inflation very gradually easing but many households still struggling

“Crucially, nobody could have reasonably foreseen this historically unprecedented pattern of shocks,” Jonathan Haskel said

City Voices: How inflation destroys your spending power

Cheerful news: Andrew Bailey, the Bank of England governor, thinks the economic outlook for the year ahead is “worst I have ever seen” — a challenge of such severity that it should be the main preoccupation of both the Government and its possible Labour heirs. Instead, fizzing anxiety at Westminster…