The Latest Breaking News from Bank of England

Inflation figures are released each month by the Office for National Statistics (ONS) to show how much the prices of everyday goods and services have increased over the last year

The Federal Reserve's aggressive campaign against high inflation dominated global financial markets this year. Starting this week, the action shifts to Europe, where inflation could prove stickier and harder to tame. That shift is likely to reverse some of the key market dynamics of 2022, most significantly a superstrong dollar.

This could mean that costs surge by £3,000 a year for many households

New York (AFP) - Wall Street stocks surged Monday while European and Asian markets dropped as investors braced for interest rate decisions this week from major central banks, including the Federal Reserve.

London (AFP) - European stock markets dropped Monday following losses in Asia, as investors looked ahead to interest rate decisions this week from major central banks including the Federal Reserve.

Interest rates could shoot to 3.5 per cent from next week following a meeting of the Monetary Policy Committee

London (AFP) - Britain's economy remains on course for a long-lasting recession on fallout from the highest inflation in decades, analysts said on Monday, even if official data showed growth in October.

LONDON: Britain's economy grew 0.5% in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.

London (AFP) - Britain's economy grew 0.5 percent in October, official data showed Monday, after a sharp fall the previous month in part because of the national holiday for Queen Elizabeth II's funeral.