The Latest Breaking News from Bank of England

A Treasury spokesman said there are no plans to alter the mix of coins, after doubts were cast on the future of the smallest denominations.

EY Item Club says the outlook for growth is hotting up and predicts interest rates under 5% by the end of the year

THE Bank of England has been hit by a "global payment issue" affecting its CHAPS service.

September looks more likely to provide the moment the cost of borrowing comes down from a 16-year peak

Inflation in the U.K. held steady at the Bank of England’s target rate of 2% in June

UK inflation remains at 2%, Bank of England faces decision on interest rates amid concerns of inflation resurgence.

UK inflation held steady in June as price rises across the country stayed at the Bank of England’s target level for the second month running,…

Rate cut seen in September rather than August as service sector inflation looks sticky

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

Jonathan Haskel warns state of jobs market means inflation is likely to be higher than 2% target ‘for quite some time’

The impact of higher mortgage costs is now biting hard. Three million UK households face the prospect of having to renew their mortgage within the next two years as their fixed-rate periods come to an end. While nearly two-thirds of all borrowers have already remortgaged at more expensive rates, a…