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The Latest Breaking News from Bank

UK interest rate set to hit 1% by summer, City predicts

The City is bracing for a run of interest rate rises around the world, starting next week with the Bank of England. The UK interest rate is set for its first back-to-back increase since 2004

Evening Standard

Hopes shattered as banks fail to pass on interest rate rise

The Bank of England upped the base rate to 0.25% in December, but since then only a handful of savers have felt the benefit

The Guardian - UK

Minouche Shafik: ‘The idea that you are successful because you are hardworking is pernicious’

The LSE’s director and former Bank of England economist is outspoken over the need for a reset of the wider capitalist system

The Guardian - UK

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Bank should ‘lean against’ longer-term inflation, MPC member says

The Monetary Policy Committee will meet early next month to decide on interest rates.

The Independent UK

The U.S. Export-Import Bank Is a Cesspool of Crony Capitalism. Biden Wants To Expand It.

Boeing may love an additional handout, but such subsidies will be a net negative for the country's economy as a whole.

Reason

Bank boss warns inflation pressures may stay until the end of 2023

The Bank of England said there are worries that energy prices may stay high for longer, while wage rises in the UK could become broad-based.

The Independent UK

Message to shoppers as UK inflation hits near-30 year high and food prices surge

The Bank of England has forecast inflation to hit 6% in April

Nottingham Post

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How the Bank of England missed the inflation curve

City Comment: Bank needs to get the next bit right

Evening Standard

UK inflation rises to highest level in almost 30 years at 5.4%

Cost of living crisis worsens, piling pressure on Bank of England to raise interest rates again

The Guardian - UK

UK inflation jumps to 30-year high of 5.4% as cost of living crisis deepens – as it happened

Food prices, furniture, clothes and housing costs rise; unions urge government to tackle cost of living crisis as pressure builds for February rate hike

The Guardian - UK

Pay rises failing to keep up with the cost of living, ONS figures show

Pressure is mounting on the government and the Bank of England to help ease the cost-of-living crisis

The Independent UK

Interest rates to double next month, City warns as pay falls behind inflation

Economists now expect the Bank of England to raise the interest rate from 0.25% to 0.5% at its next MPC meeting

Evening Standard

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