The Latest Breaking News from Bank of England

Market expectations have increased for global central banks to ease their aggressive monetary tightening campaigns and begin cutting interest rates this year. With inflation pressures expected to continue receding, the Federal Reserve, European Central Bank (ECB), and Bank of England (BOE) are expected to lead the push to lower interest...

People’s confidence in the UK’s economic outlook improved towards the end of 2023, despite continuing to battle a cost-of-living crisis. Although it has strengthened over the year to December, “consumer sentiment” as this confidence is called, is still in negative territory.

The annual growth rate for consumer credit was 8.6% in November, the highest rate since September 2018, according to the Bank of England.

Around 5 million households have seen their mortgage interest rate change since the Bank of England base rate started to rise in late 2021. Over the course of the 2023 alone, the base rate increased from 3.5% to 5.25%, surpassing economists’ expectations and pushing mortgage rates to the highest levels…

Britain’s biggest lender kickstarts 2024 by slashing rates by nearly 1 per cent

Home secretary James Cleverly joked about spiking his wife’s drink with a date rape drug

Exciting speculations arise as Barclays predicts a potential rate cut by the Bank of England in May 2024. Stay tuned for some monetary policy maneuvers!

Britain's economy unexpectedly shrank in the third quarter and flatlined in the previous three months, official data showed Friday, raising fears of a recession before an election due next year.

Picture the scene: Threadneedle Street, in the heart of the Square Mile, a bowler hat’s throw away from several of City Spy’s best-capitalised pubs and bars.