The Latest Breaking News from The Bank of England

Chancellor Rachel Reeves pledges paid placements for every young person on Universal Credit for 18 months, targeting 621,000 unemployed youth in 2025

Reform UK leader presses governor Andrew Bailey over quantitative easing in meeting at Threadneedle Street

The Bank’s announcement came alongside its decision to keep UK interest rates at 4%.

The Bank of England has held its main interest rate at 4% as U.K. inflation concerns weigh on policymakers

Some mortgage rates have been creeping up in recent weeks, while savings rates have been falling, finance experts said.

The decision comes as no surprise as inflation in the UK remains stubbornly high, almost double the central bank's 2% target.

The Bank of England’s Monetary Policy Committee voted to keep rates unchanged, following a 0.25 percentage point cut in August.

The Bank of England has maintained interest rates at 4%, citing ongoing concerns about inflation in the UK. The Monetary Policy Committee voted to keep rates unchanged, following a 0.25 percentage point cut in August. Governor Andrew Bailey stated that while inflation is expected to return to the 2% target,…

BoE votes to cut its stock of government bonds at a slower pace over the next year