Inflation coming down to the Bank of England’s target was not enough for the Monetary Policy Committee to begin cutting interest rates, which still sit at a 16-year high and have been blamed for...
The Bank of England selling public debt could leave the government open to up to £130bn of losses, MPs have said, arguing policymakers “took a leap in the dark”.
The largest interest rate hike from the Bank of England in 33 years has prompted warnings of financial misery for households, particularly the poorest, and the bank itself has predicted the UK will...
An attempt to calm the market reaction to the government’s tax cut announcements illustrates the “bind” facing the Bank of England, an analyst has said, as the central bank commits to buying UK...
The Bank of England has pushed interest rates up by their biggest jump in 27 years, predicting further rampant inflation and a coming economic recession, and analysts think there are...
The Bank of England's Monetary Policy Committee has hinted that further interest rate rises are on the horizon, after it hiked borrowing rates for the fourth consecutive meeting.
The Bank of England is set for only modest interest rate tightening in the coming months to deal with high inflation fuelled by supply chain backlogs, according to a senior official.
The Bank of England has raised the cost of borrowing for the first time since the onset of Covid-19 despite fears of the Omicron variant slowing the economy, citing worries about inflation.
The Bank of England’s base rate will remain at its all-time low of 0.1% after the Monetary Policy Committee voted to hold fire on an increase – despite predicting inflation will reach 5% next Spring.
Heightened inflation caused by global supply chain issues and labour shortages could continue into the middle of next year, according to the Bank of England’s new chief economist.
Inflation could run above the Bank of England 2% target going into 2023, as supply shortages led to CPI spiking this year, according to ratings agency Standard and Poor’s.
The House of Lords Economic Affairs Committee has written to chancellor Rishi Sunak to clarify the working relationship between the Bank of England and department throughout Covid-19.
