The Latest Breaking News from The Bank of England

Building society benefits from high interest rates, with half-year profits increasing to £1.3bn

The UK chancellor Jeremy Hunt will have limited room for manoeuvre when he makes his autumn statement about the government’s financial plans on November 22. The government is committed to supporting the Bank of England’s current strategy for reducing inflation, which involves using rate hikes to slow down economic activity.

Cost of living campaigners say government should use September’s inflation rate to set benefits, not October’s, after CPI falls to 4.6% from 6.7%

Economists expect October’s reading to fall almost two points to 4.8%, helped by drop in energy prices

Thinktank says government and Bank of England need to take more joined-up approach to solving economic problems

The prime minister will find out tomorrow if double-digit inflation has halved, in line with his pledge

UK inflation fell to just 4.6%, its lowest level since 2021, in a key political victory for Rishi Sunak as well as a win in the Bank of England's battle to get prices back under control.

City expects inflation to fall in line with the prime minister's pledge to halve it, with much of the work done by the Bank of England

From privatisation to Brexit to its current collapse, the damage done by the Conservative party leaves one longing for the past