The Latest Breaking News from Threadneedle Street

US investment bank believes inflationary pressures could force monetary policy committee’s hand

Resilient UK growth may well prevent the Bank of England from ending its run of increases

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

Bank of England figures also reveal many households are dipping into savings, rather than using credit cards

Bloomberg estimates Bank made profit of £3.5bn after intervening to prevent run on pension funds

Spending cuts and tax rises will deepen the recession so the pain will be deferred until 2025 and a likely Starmer government

BoE’s move to end bond buying is a big gamble given the magnitude of the bind Britain is in

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