The Latest Breaking News from Bank of England

Sterling’s recent tumble is just the latest in a saga of painful episodes for successive UK governments. During the post-war era of “fixed but adjustable” exchange rates, British politicians were regularly faced with the terrifying risk of a currency devaluation. Poor underlying competitiveness left successive administrations facing severe trade deficits.…

Economic forecasting is a mug’s game.

The pound is weak, inflation is up, but it’s hard to discern any ideas from the Tories

The idea that central banks have rediscovered their mojo is not borne out by the diverging policies on rates they are making

The bank, once a herald of globalisation, is struggling to placate investors amid US-China trade wars and crisis in Hong Kong

The Bank of England confirmed an increase in the base rate to its highest level since 2008

The Bank of England raised the base rate from 0.75 to 1% on Thursday and 2 million borrowers will be affected by the rise

The Bank of England recently announced a lift in the borrowing rate from 0.75% to 1% - the highest level in 13 years, with a chilling warning that the UK economy is set to go into reverse

Many experts are predicting a slowdown in price growth later this year, explains Ben Chapman