The Latest Breaking News from Bank of England

Retail bosses under pressure as food inflation proves more ‘sticky’ than expected

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.60%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.21%. U.S. stocks this morning are moderately lower. An -8%...

The S&P 500 Index ( $SPX ) ( SPY ) is down -0.49%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.94%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.1%. U.S. stock indexes this morning are lower. U.S. weekly...

The Bank of England has increased its benchmark interest rate to 4.5% – the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008.

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

The Bank of England base rate has gone up from 4.25% to 4.5%, the highest level since 2008.

The Bank of England's interest rate announcement will have a direct effect on monthly mortgage payments

The Bank of England (BoE) has announced it will raise interest rates from 4.25 per cent to 4.5 per cent.