The Latest Breaking News from The Bank of England

The availability of mortgages is expected to decrease by the end of August, according to the Bank of England’s credit conditions survey.

The extra bank holiday in May for the King’s coronation played a part in the decline

The Governor has warned 'there will be consequences'

Banks ‘could weather £125bn hit in economic downturn’ despite rising interest rates

The average household will see their monthly interest payments go up by about £220 if they are refinancing during the second half of this year

The Bank of England has warned that households across the U.K. are facing increasing problems from the sharp increase in interest rates but says the country’s biggest banks are resilient enough to offer more help than they were able to before the global financial crisis 15 years ago

Tens of thousands of Londoners are facing annual mortgage bill hikes of more than £12,000, the Bank of England warned on Wednesday.

Bank of England chief says there ‘will be consequences’ of higher interest rates, as all UK banks pass stress tests

The Bank of England's current September CPI forecast is 7 per cent, which would see another bumper boost next April for people on the Basic and New State Pension over the 2024/25 financial year