The Latest Breaking News from Bank of England

The FTSE 100 index closed down 51.67 points, 0.6%, at 8,791.80.

COMMENT: Forget homeowners with tracker mortgages or those desperate for a better deal – the person who’s hurting the most from the Bank of England’s decision not to lower interest rates is Rachel Reeves, says James Moore

Rate remains at 4.25 per cent as experts look to balance higher inflation with economic growth

Inflation in the U.K. dropped modestly in May as a drop in air fares and transport costs were largely offset by rising food prices, particularly chocolate

June S&P 500 E-Mini futures (ESM25) are up +0.20%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.33% this morning, pointing to a slightly higher open on Wall Street after yesterday’s drop, while investors await the Federal Reserve’s policy decision and updated projections, as well as Chair Jerome Powell’s…

British inflation eased less than expected in May after surging in April, official data showed Wednesday, fuelling expectations that the Bank of England will hold interest rates steady this week.

At 3.4 per cent inflation remains far above the Bank of England’s target

Annual rate slows in May from 3.5% in April despite record increase in chocolate prices

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