All news on the topic: Bank of England

518
Bank of England experiences significant gold bullion outflow
Thousands of gold bars have been withdrawn from the Bank of England’s vaults since the end of last year amid fears around the impact of Donald Trump’s trade war, Report informs via The Telegraph.
499
Bank of England’s interest rate decision leads to lower mortgage bills for millions – here’s what it means for your finances
Millions of mortgage bills are set to fall after the Bank of England confirmed a cut to interest rates.
548
Bank cuts growth forecast in half, dealing a setback to Reeves
The Bank of England has halved its growth forecast for this year in a blow to the government.
502
Bank of England postpones new banking regulations aimed at preventing crashes by a year
Donald Trump’s return to White House and Rachel Reeves’s call for regulators to help drive UK growth taken into account.
456
Rachel Reeves to cut billions from welfare budget to balance books
Under-fire Rachel Reeves has signalled painful spending cuts are on the way as she vowed to “take action” to balance the books.
384
Bank of England finds that more than half of bosses plan to cut jobs and raise prices following the budget
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.
537
Bank of England warns about risks from increasing global trade barriers
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.
612
Inflation rises to 2.3% in October after jump in energy bills
Inflation increased to 2.3% in October after a jump in energy bills.
486
UK inflation drops below 2% for the first time in three and a half years
Bigger than forecast annual drop to 1.7% in September puts pressure on Bank of England to cut interest rates
629
More UK employers are planning to reduce pay increases for 2025, according to an IDR survey
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.
447
Bank of England warned to be wary of public sector pay deals
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.
400
UK inflation rises to 2.2% in first increase since December
Annual rate in July climbs back above Bank of England target of 2%, ONS figures show
684
Full list of banks that have cut mortgages after Bank of England interest rates update
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
529
Bank of England braced for knife-edge interest rate decision
Markets predict quarter-point cut to 5% when policymakers meet on Thursday
449
UK house purchases delayed due to issues with Chaps payments system
Bank of England said issue affected some payments on Thursday but that service had been restored by 4.30pm
615
Bank of England warns global wave of elections could impact UK financial system
Central bank raises concerns over newly elected governments as more than 80 countries go to polls this year
572
Bank of England keeps rates at 16-year high before UK election
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".
725
General Election 2024: hopes for interest rate cut suffer further setback
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.
772
First King Charles bank notes enter circulation today
The bank notes will initially be released via a small number of Post Offices
451
UK inflation falls by less than expected to 2.3%, reducing chance of June rate cut
Drop in April is smaller than forecast but level is still lowest in almost three years
456
IMF upgrades UK growth forecast but warns about national insurance cuts and debt
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.
417
UK economy emerges strongly from recession
The 0.6 percent growth was stronger than analysts had expected.
412
Bank of England leaves key interest rate at 5.25 percent
Governor Andrew Bailey opens the door to a first rate cut in June, but warns it’s “not a fait accompli”.
608
High street bank with 2.6m customers set to be sold to rival in £780 million landmark deal
Talks of the potential merger have been ongoing since December 2023