The Latest Breaking News from Bank of England

Governor states optimistic outlook that the UK can avoid a recession, after being on a 'knife edge' last month

Stock markets and oil fall amid fears over Germany’s biggest bank

The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.87%. U.S. stock indexes this morning are moderately higher as...

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring prices for other items such as food and…

Mortgage borrowers on deals which track the base rate will now see nearly £24 per month added to their costs on average

INTEREST rates have been pushed up for the eleventh time in a row to 4.25 per cent, the highest rate for 14 years.

Thursday’s base rate increase will add around £23.71 per month or more than £284 per year to the average tracker mortgage, industry figures show.

The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling