The Latest Breaking News from The Bank of England

Andrew Bailey is a walking market mover. Every time the Governor of the Bank of England opens his mouth, he knows it could impact the cost of UK government borrowing, or the price of sterling, or any number of things. Consequently, his public statements are rarely made off the cuff.

Call comes after Bank of England’s governor Andrew Bailey said the UK should rebuild relations with the European Union as he warned of the economic consequences of leaving the bloc

THE governor of the Bank of England has said the UK must “rebuild relations” with the EU, adding that one of Brexit’s key consequences was…

Blow to Rachel Reeves as first quarter under Labour shows services and manufacturing struggled in run-up to budget

Andrew Bailey will talk about the importance of economic growth at the annual Mansion House speech in the City of London.

Santander, HSBC and TSB raised rates by up to 0.3 percentage points

The ONS said average regular earnings growth eased back to 4.8% in the three months to September.

Chancellor Rachel Reeves’ increase in National Insurance on employers may push up prices, cut jobs and squeeze pay rises, says the governor of the Bank of England.

Andrew Bailey said it would ‘help us to observe’ how the tax measures would play out for the economy.

The PA news agency looks at the outcome of the Bank of England’s decision, and whether rates will fall again soon.

Narratives matter in economics, and we must acknowledge the circumstances the government faces and give credit where due, says economist Mohamed A El-Erian