The Latest Breaking News from Threadneedle Street

Governor Andrew Bailey warned there could be no further extension beyond the end of the week

After Bank expands action to stave off ‘fire sale’ in wake of mini-budget, investors ask for longer expiry date

Bank of England independence was no one’s first choice. Margaret Thatcher never did it, John Major preferred to devolve power to the German Bundesbank than grant it to Threadneedle Street. Because the power to set interest rates is an awesome one.

Bank of England left with no action but to intervene after Kwasi Kwarteng’s mini-budget

City traders bet central bank will more than double cost of borrowing to combat soaring inflation

Inflation and a cost of living crisis mean the new PM will have little time to produce a feelgood factor

Expert sounds warning as Bank of England economist says inflation ‘uncomfortably high’ amid cost of living crisis

Analysis: New Labour’s chancellor revealed his plan to a surprised Eddie George and his private secretary, now governor, Andrew Bailey

Conflict in Ukraine means January’s GDP boost is unlikely to last, but Threadneedle Street still seems obsessed with curbing inflation