The Latest Breaking News from Bank of England

It comes as inflation dipped slightly last month to 10.7 percent

Warnings that further interest rate rises are likely in the coming months to stabilise the economy

Majority of MPC rate-setters back hike of 0.5 percentage points despite fears UK is entering a long recession

The base rate - which was already at a 14-year high - has today been increased by 0.5 percentage points, up from 3% and the ninth time in a row the Bank of England has taken action

Stock futures slide as Fed hawks tighten grip; Powell pours cold water on easing hopes, says more hikes to come; ECB, Bank of England set to follow fed with 50 basis point rate hikes; Tesla extends slump as Musk dumps another $3.6 billion stake and Lennar shares retreat on softer…

Officials raise base rate for ninth consecutive time

Britain’s central bank is expected to deliver its ninth straight interest rate hike

A minister claimed on Thursday that the “green shoots of recovery” were emerging in Britain as she argued against big pay rises for nurses and other public sector workers.

Bank of England says most housing market indicators have continued to soften, as it increases UK interest rates to 14-year high of 3.5% in split decision