The Latest Breaking News from MPC

Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts

Visa and Mastercard network fees are ‘part of problem’ as consumers face rising prices, lawmakers say.

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

My toxic character trait is that, whenever I find myself in a non-English speaking country (as I believe locals call their mother tongue) and I’m asked a question, I panic and reflexively default to French. This has gone on to cause a scene in Germany, Brazil and one time in…

LONDON: The Bank of England (BoE) rattled markets by raising interest rates by half a percentage point — twice the amount expected — on Thursday, after it said there had been “significant” news suggesting British inflation would take longer to fall.

Critics say Bank should pay less attention to economic models and more to what is happening on the ground

More than 1.4 million mortgage holders could lose at least a fifth of their disposable income in additional repayments.

The Bank's Monetary Policy Committee have voted to increase the base rate by 0.5% in a bid to bring inflation down

THE Bank of England has unexpectedly pushed up interest rates to 5 per cent, the highest rate in almost 15 years, as policymakers and the UK…