The Latest Breaking News from Bank of England

Monthly hikes in base rate may have stalled, but the cost-of-living squeeze has not gone away

The Bank of England kept its main interest rate unchanged at the 15-year high of 5.25% and indicated that borrowing costs will likely remain at these sort of elevated levels for a while yet especially if oil and gas prices increase sharply in light of the conflict between Israel and…

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.89%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +1.28%, both at 1-week highs. Stock index futures this morning are higher on hopes that global central banks are nearing the end of their interest rate increases....

Blue-chip corporate updates have helped to boost City confidence ahead of the latest Bank of England interest rates decision.

Bank of England voted 6-3 to leave interest rates at 5.25% today, but warns that monetary policy is likely to need to stay restrictive for some time

Inflation very gradually easing but many households still struggling

Bank of England’s Monetary Policy Committee announces its next interest rates decision on Thursday

Just 43,300 mortgages were approved in September, 30 per cent less than the monthly average in 2019

Inflation very gradually easing but many households still struggling

What next for interest rates? The Bank of England’s Monetary Policy Committee (MPC) is widely expected to leave them unchanged when it meets on November 2, despite the fact that UK headline inflation is still at 6.7%. If so, it will mark the second monthly freeze in a row, following…

Across the UK, an estimated 85,610 home sales took place in September 2023, which was also 1 per cent lower than in August, HMRC said.