Founded in 1694, the Bank of England (BoE) is the central bank of the United Kingdom. Sometimes known as the ‘Old Lady’ of Threadneedle Street, the Bank’s mission is "to promote the good of ...

The Bank of England was said to be almost certain to pass up the chance to cut interest rates next month after inflation figures exceeded the central bank’s expectations in April. Financial ...

What is the current base rate? The current Bank of England base rate is 5.25%. It has remained the same since August 2023. The chart below shows how the base rate has changed since the the financial ...

This marks the lowest level since July 2021, when inflation was at the Bank of England's target of two percent. Inflation began to rise towards the end of 2021 as demand for oil and gas increased ...

The Bank of England has continued to keep interest rates frozen at 5.25% in May – unchanged since August 2023. But pressure is mounting on the central bank after inflation fell to 2.3% in the 12 ...

UK borrowers might need to wait longer for a cut in interest rates, as experts suggest the Bank of England isn't ready to make a reduction just yet. The bank's Monetary Policy Committee (MPC ...

FTSE 100 hits record closing high again, despite BoE chief economist warning against cutting interest rates too soon – as it happened FTSE 100 hits record closing high amid hopes of interest ...

The Bank of England might be able to consider cutting interest rates over the summer although Britain's labour market remains tight by historical standards, the central bank's chief economist Huw ...

Inflation has sat above the Bank of England target of 2% every month since July 2021 - this is why in December of that year, the Bank started to raise its base interest rate in a bid to control it.

LONDON, May 1 (Reuters) - Bank of England Governor Andrew Bailey has said inflation is moving in the right direction but some of his fellow interest rate-setters have sent different messages on ...

We explain what the Bank of England base rate is and how it affects the cost of your mortgage to help you avoid paying more than you need to. The current BoE (Bank of England) base interest rate ...

Writing in this newspaper, Ms Reeves says she will be guided by a Thatcher-style commitment to 'sound money' if she becomes Britain's first female Chancellor in July. Turning her back on the ...