The Latest Breaking News from Bank of England

Some praise UK’s most powerful non-elected official for mini-budget response while some say Bank of England governor is out of touch

Around 4 million households are facing payment hikes due to increasing mortgage rates - Martin Lewis took to Good Morning Britain to explain how much it'll set homeowners back

Homeowners whose fixed rate loans expire next year face repayment hikes of £250 a month

The Bank of England (BoE) has increased its base interest rate eight times since December last year and is expected to do so tomorrow, which will push up the price of borrowing even more

Ministers may struggle to “hold the line” in their refusal to back higher pay deals for hundreds of thousands of public sector workers, a former Bank of England chief said on Wednesday.

Jeremy Hunt says rising costs are still ‘number one enemy’

Inflation figures are released each month by the Office for National Statistics (ONS) to show how much the prices of everyday goods and services have increased over the last year

The Federal Reserve's aggressive campaign against high inflation dominated global financial markets this year. Starting this week, the action shifts to Europe, where inflation could prove stickier and harder to tame. That shift is likely to reverse some of the key market dynamics of 2022, most significantly a superstrong dollar.

More needs to be done to ensure that the non-bank financial sector does not pose a threat to the UK’s financial stability, Bank says