All news on the topic: Bank of England

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.

The 0.6 percent growth was stronger than analysts had expected.

Governor Andrew Bailey opens the door to a first rate cut in June, but warns it’s “not a fait accompli”.

Talks of the potential merger have been ongoing since December 2023

Predictions for when Bank of England will start lowering cost of borrowing pushed back

The former prime minister said she thought elected ministers should have more control over the policies set by the central bank and its chief, Andrew Bailey

Plus two high street giants are cutting down their number of stores

A major attack on a European financial services payments system could lead to losses of £762billion, according to Lloyds of London

Half of its 76 branches will also be shut on Saturdays as it looks to save £50million

The Bank of England's Monetary Policy Committee will meet during the week to see if the economy is showing signs that it's time to start cutting rates

The business said that it would accelerate the rate at which it was building from 16,118 homes completed last year

The latest Sage small business tracker, compiled with the Centre for Economics and Business Research, found that while earnings growth is easing back more widely across the UK, total wage bills are continuing to rise for small firms at a rapid pace

The value of outstanding mortgage balances with arrears increased by 9.2% from the previous quarter, to reach £20.3 billion, which was 50.3% higher than in 2022, the Bank of England said

The average UK house price was £291,699 in February, around £1,000 more than the previous month, according to Halifax

Huw Pill, chief economist at the central bank, also warned that the economy is currently weak and said policymakers should not feel a "false sense of security" if inflation falls below the 2% target rate in the coming months

Some homeowners may be tempted to move to a tracker over expectations that the Bank of England will cut its base rate at some point this year - but is this the right move for you?

We round up all the money changes coming up this month, including the Budget, rail fare increases and all the financial schemes that are closing like the Warm Home Discount

Clare Lombardelli will replace Ben Broadbent when she takes over the role from July 1, for a term lasting five years

55,227 mortgages for house purchase were approved in January, up from 51,506 the previous month and the highest level since 58,272 approvals were recorded in October 2022