The Latest Breaking News from The Bank of England

Average two and five-year fixed mortgage rates have risen for the first time in months

With sticky inflation, ‘any imminent base rate cuts by the Bank of England seem unlikely’, Moneyfacts said.

Major banking institutions are starting to warn of an impending market correction for AI companies and their stock prices. Although not all agree when it'll happen, most suggest it is coming as the major industry players continue to invest in each other, driving up investments and share prices in turn.

Bank’s Financial Policy Committee make comparison with dot com crash

Financial institutions are raising concerns about a potential AI investment bubble

The target has helped to anchor longer-term inflation expectations, Huw Pill said in a speech.

Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee

Andrew Bailey was speaking at a summit in Edinburgh on Monday.

Andrew Bailey said it would be ‘wrong to be against stablecoins as a matter of principle’.