The Latest Breaking News from Bank of England

AI could be a ‘very powerful weapon’ in wrong hands, warns Bank of England chief

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The Independent UK · Oct 1

Global Market: BoE's Taylor says energy prices alone do not justify rate hike

Bank of England policymaker Alan Taylor said further rate increases remain unlikely unless higher energy prices generate persistent, broad-based inflation. He noted limited second-round effects, moderate wage growth and subdued food-price pressures. With rates held at 3.75%, policymakers remain divided as they monitor wages, services inflation, energy costs and economic…

The Economic Times · Sep 30

Bank of England policymaker says raising interest rates ‘not compelling’

Alan Taylor, a member of the MPC, played down the need for pushing up borrowing costs.

Evening Standard · Sep 29

Global Market: BoE's Lombardelli says rates may need to rise if energy prices stay high

Bank of England Deputy Governor Clare Lombardelli said UK interest rates may need to rise if elevated energy prices persist and fuel broader inflation through wages, expectations and corporate pricing, unless economic activity shows clear signs of weakening.

The Economic Times · Sep 24

Global Market: UK business growth cools as inflation pressures build in September

British business activity weakened in September, with the services PMI falling to a three-month low while inflationary pressures intensified. Manufacturing improved modestly, but overall growth remained subdued. Weak hiring and business confidence, alongside higher borrowing costs, complicate the government’s outlook ahead of the October budget and increase pressure on the…

The Economic Times · Sep 23

Bank of England to open new Leeds office in 2028

The central bank already employs just under 300 workers in its Yorkshire House office in Leeds and is set to relocate to the new site in late 2028.

The Independent UK · Sep 21

FTSE 100 slides as bond yields resume upward path

Bond yields climbed on Friday as investors continue to weigh the fallout from central bank interest rate decisions and high energy prices.

Evening Standard · Sep 18

Venezuela closing in on deal to move $4bn gold reserves from Bank of England to New York

Venezuela is nearing a deal to move $4 billion (£2.9 billion) in gold from the Bank of England to the Federal Reserve Bank of New York after a years-long legal tussle, it has been reported.

The Independent UK · Sep 18

London homeowners face £2,600 rise in mortgage bills as Donald Trump's Iran war blights economy

Fixed mortgage rates have been rising in recent weeks and could go higher

Evening Standard · Sep 18

Global Market: J.P. Morgan sees BoE rates rising amid renewed inflation risks

J.P. Morgan expects the Bank of England to raise interest rates by 25 basis points in November and again in 2027 after holding rates at 3.75%. The BoE warned inflation could exceed 4%. It also paused government bond sales for six months, while markets assess debt concerns, policy coordination and…

The Economic Times · Sep 18