All news on the topic: Bank of England

UK inflation jumped sharply in the year to January, driven by rising food prices, air fares and an increase in private school fees.

Chancellor Rachel Reeves has been criticized by the Tories as "out of her depth" after inflation figures rose to 3%, nearly the highest level in almost 10 months.

ONS data showing British national output rose in the final quarter of 2024 defies forecasts of a 0.1% decline.

Millions of mortgage bills are set to fall after the Bank of England confirmed a cut to interest rates.

The Bank of England has halved its growth forecast for this year in a blow to the government.

Donald Trump’s return to White House and Rachel Reeves’s call for regulators to help drive UK growth taken into account.

Under-fire Rachel Reeves has signalled painful spending cuts are on the way as she vowed to “take action” to balance the books.

Inflation has increased again in the UK.

More than half of British employers plan on cutting jobs and raising their prices in response to Labour’s first budget, a Bank of England survey has found.

The Bank of England warned on Friday that higher trade barriers could hit global growth and feed uncertainty about inflation, potentially causing volatility in financial markets and pushing up borrowing costs for businesses and consumers.

Inflation increased to 2.3% in October after a jump in energy bills.

Bigger than forecast annual drop to 1.7% in September puts pressure on Bank of England to cut interest rates

British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation pressures in the economy are easing.

The Bank of England should be on the guard against the potential inflationary impact of Labour’s inflation-busting public sector pay deals, according to economists.

Annual rate in July climbs back above Bank of England target of 2%, ONS figures show

The Bank of England finally cut its base rate from 5.25% to 5% - the first time there has been a reduction since March 2020 and this is good news for those with a variable mortgage

Markets predict quarter-point cut to 5% when policymakers meet on Thursday

Bank of England said issue affected some payments on Thursday but that service had been restored by 4.30pm

Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year

The Bank of England kept its main interest rate unchanged at a 16-year high of 5.25% at its last meeting before July 4’s UK election, but the prospect of a future rate cut moved closer as some policymakers said their thinking was now "finely balanced".

The final set of employment figures before polling day show wages continuing to grow at way more than double the rate of inflation, which is a double-edged sword for Rishi Sunak’s government.

Drop in April is smaller than forecast but level is still lowest in almost three years

The Washington-based fund also said the Bank of England should do more press conferences to explain its decisions, and the government should implement road charges to replace lost fuel duty revenue as electric cars become more predominant on UK roads.