The Latest Breaking News from The Bank of England

British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop price growth hits fresh high

From Tesco Clubcard holders to the £150 disability cost of living payment, there are massive money shake-ups coming in June

High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of election

Editorial: Interventions from the Tory chancellor and his Labour shadow spell the end of a period of economic agreement

UK government debt prices have taken an unnerving journey south in the past few days. The closely watched ten-year bond has now hit a yield of 4.3%, taking it within a fraction of the level that caused a crisis in autumn 2022.

Britain’s biggest building society Nationwide raised its mortgage rates on Friday

Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation

City comment: At least the Bank’s old approach was consistent

It is not something you hear a Chancellor say every day, not least 12 to 18 months out from a general election. Asked if he was “comfortable with the Bank of England doing whatever it takes to bring down inflation, even if that potentially would precipitate a recession”, Jeremy Hunt…