The Latest Breaking News from The Bank of England

High mortgage interest rates and soaring bills hitting affordability despite wages rising above inflation

House price growth will ‘remain muted’ but property prices will remain generally unaffordable, Zoopla has said

As they always said would happen, the polls began to narrow. Keir Starmer came unstuck on questions around taxation. The Rwanda scheme was finally up and running by late May. The Bank of England cut interest rates in mid-June. Nigel Farage decided to stay out of the campaign. And the…

Bank of England maintains interest rate at 5.25% despite inflation hitting 2%, reflecting confidence in economic conditions.

Monetary Policy Committee decision means that there is no chance of a cut in borrowing costs before August

No relief for borrowers as Bank of England base rate to remain at 5.25 per cent at least until August

Seventh consecutive freeze comes despite fall in rate of inflation to 2% target last month

Any hopes the governing Conservative Party may have of the Bank of England cutting its main interest rate from a 16-year high of 5.25% are expected to be dashed

The BoE was widely forecast to keep its cost of borrowing at 5.25 percent, a 16-year high, following a regular monetary policy meeting.