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 Bank of England has put its bank rate up to 3.5% – the highest it has been since 2008 – in a bid to reduce inflation, which has already begun to fall.
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 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 is widely expected to increase interest rates for the second time in two months this week as it continues to try to get inflation under control.
The Bank of England must not delay raising interest rates despite the economic risks around the Omicron variant of Covid-19, the International Monetary Fund has said.
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.
Bank of England governor Andrew Bailey has given another strong hint that interest rates could rise, sparking concerns from one former member of the bank’s monetary policy committee.
The Bank of England has signalled it could tighten its monetary policy slightly faster than had been expected as the recovery from Covid-19 gets underway and inflation continues to run above its 2%...
The Bank of England should end its extraordinary policies of ultra low interest rates and quantitative easing immediately, according to the Centre for Policy Studies think-tank.
