The Latest Breaking News from The Bank of England

Labour say more than a million people face higher mortgage payments ‘after the Conservatives crashed the economy’

But the Bank of England has been warning that rates may stay higher for longer than traders hope

The tide turned against inflation

Typical household bill predicted to fall to £1,660; pound drops below $1.27 as data adds pressure on Bank of England to lower interest rates

Central banks on both sides of the Atlantic kept their main interest rates unchanged for the fourth successive month in December 2023. These rates are closely watched because they set the minimum interest at which your bank borrows and lends. This determines the cost of credit for all firms and…

But the continued strength of the economy may encourage the Bank of England to keep interest rates higher for longer

House prices across the UK are set to fall by between 2% and 4%

Halifax says no signs of spike in ‘forced sales’; eurozone heading for recession while UK avoids recession, surveys suggest

In a riveting global monetary saga, the US Federal Reserve boldly breaks from the pack, while the ECB and BoE uphold the 'higher for longer' doctrine in a ...