The Latest Breaking News from Bank of England

Inflation remains higher than experts predicted as food and drink prices continue to soar.

Britain now has Western Europe's highest rate of consumer price inflation after it fell by less than expected in March to 10.1% in March from February's 10.4%, official data showed on Wednesday. Economists polled by Reuters had forecast that the annual CPI rate would drop to 9.8% in March, moving…

Property prices have started to fall, so is a UK house price crash coming?

Investigation begins after the Guardian reports on complaints against senior figures at business organisation

Global chief economist at Kroll will join the MPC as an external member on a three-year term from 5 July

Exclusive: EMFS, devised by Treasury and Bank of England as backstop fund, was quietly closed this year

The typical London house price in March was £537,250, which is very slightly up (0.1 per cent) on this time last year

The typical house price in March was £287,880, which was about 2% below a peak reached last August, according to Halifax’s report.

The Bank of England has raised interest rates 11 times since December 2021 but, while this may boost bank profits, it is less likely to boost many people’s bank balances.