The Latest Breaking News from The Bank of England

Core inflation rose to its highest level in 30 years

Today's inflation figure is higher than predicted as many believed the inflation rate would drop as low as 8.2% - while it may sound like good news, experts have issued a warning

The decline in inflation is said to have been driven by gas and electricity costs remaining stable

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

In today’s newsletter: It’s good news – but the figure is still a bit higher than expected, even as energy costs decline. As the latest data is released, we look at its ongoing impact – and what it means for you

Inflation finally falls below double digits dropping by 1.4% to 8.7% according to the Office for National Statistics (ONS)

Governor Andrew Bailey insisted inflation has ‘turned the corner’, ahead of official figures on Wednesday.

The Bank of England’s top economists faced questions on interest rates on Tuesday, 23 May.

It is, perhaps, the nearest we’ve got so far to an admission from the Bank of England that things haven’t gone entirely to plan. Andrew Bailey, the Bank’s Governor, acknowledged last week that “some of the strength in core inflation…reflects second-round effects... And as headline inflation falls, these second-round effects…

Energy bills and a tight labour market continue to cloud predictions of a steep decline by the end of the year

Britain’s most valuable fintech firm has criticised regulatory hurdles that it says could drive it abroad