The Latest Breaking News from The Bank of England

Upon seeing the data, City markets immediately discounted the likelihood of a half-point ‘jumbo hike’ from the Bank of England next month

CBI data showing slowdown in activity is latest sign Bank interest rate rises are slowing economy

Despite all the evidence that privatisation has been a disaster and investment is needed, the department remains in thrall to discredited financial orthodoxy, says Fran Boait of campaign group Positive Money

From chip shops to tech start-ups, and even large, well-established companies, rising interest rates have had an impact right across the business world. After 14 consecutive base rate hikes by the Bank of England since 2021, this is causing particular problems for companies with a lot of debt.

Voters are more likely to believe the Bank of England is responsible for bringing price hikes back under control, a poll found

Figures give fuel to claims that profiteering has played a big part in the UK’s high levels of inflation

Markets expect rates to peak at 6% or 6.25%, which is higher than they expected last week, but Halifax still cut its prices

Prime minister also calls for wage growth to be sustainable to help economy grow

Experts warn slump in economy could soon overtake cost of living as main worry for UK

ECONOMISTS have warned that the UK faces a “very real risk” of recession due to higher interest rates - despite inflation slowing to its lowest…

I can picture it so clearly – the words adorning a fridge magnet in my grandmother’s kitchen on Long Island, New York. You may know it as the Serenity Prayer: