The Latest Breaking News from Bank of England

Figures released on Monday showed a two-year high in annual house price growth and mortgage approvals for house purchase.

Some 64,900 loans for house purchase were approved in August, the Bank of England said.

Some homeowners will still face a jump in their repayments when they come to remortgage, while savers may need to grab the top rates while they can.

The next reduction in the cost of borrowing is now expected in November

Bank of England likely to maintain interest rates amid UK inflation concerns. US Federal Reserve cuts rates.

September S&P 500 E-Mini futures (ESU24) are up +1.48%, and September Nasdaq 100 E-Mini futures (NQU24) are up +2.03% this morning on expectations the Federal Reserve’s half-percentage-point rate cut will steer the U.S. economy toward a “soft landing,” while investors awaited a new round of U.S. economic data and an…

Cautious Bank of England governor says “we need to be careful not to cut too fast or by too much”, after leaving borrowing costs unchanged in 8-1 vote

Monetary Policy Committee votes to keep rates on hold

CPI rise is below expectations for second month running, but Bank knows headline figure is far from the whole story