The Latest Breaking News from Bank of England

With the Bank of England base rate currently the highest it has been since early 2008, you may have a valuable opportunity to increase your earnings on pensions, investments and savings accounts. After all, when the central bank raises its main rate – the base rate, which is typically used…

Fewer jobs created last month than expected, but economists hope the US can avoid recession

The 0.25 percentage point rise will add on £23.71 on average to monthly tracker payments, adding up to nearly £285 per year.

Central bank raises interest rates to highest level since February 2008

Protests take place outside the Bank as it increases rates again, although inflation is expected to drop to 5% by end of the year

The Bank of England’s long-running fight against inflation will today see interest rates hit at least 5.25%.

The Bank of England is set to raise interest rates for the 14th time in a row to a fresh 15-year high and keep the door open for further increases as it tries to tamp down persistently high inflation

Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts

His comments came as the Bank of England prepared to hike interest rates to the highest level since February 2008