Bank of England Facts and News Updates


Mark Carney Elected Canada’s PM \| All About Canada’s New Leader \| Canada Elections Mark Carney is set to become Canada’s next Prime Minister after a landmark Liberal victory over the Conservatives. Once an unelected leader appointed after winning the Liberal Party leadership in.. Credit: Oneindia Duration: 03:52Published 21 hours ago

Ex-BoE member warns inflation set to rise again Former Bank of England policymaker Michael Saunders welcomed March’s lower inflation but warned it may be short-lived. He said rising energy bills, tax hikes, and fallout from US trade tensions could.. Credit: ODN Duration: 01:39Published 2 weeks ago

Bank of England: NI rise could see companies shed workers The Bank of England has kept interest rates on hold at 4.5%, warning that US President Donald Trump's trade war has intensified global economic uncertainty. The Bank says there are indications an.. Credit: ODN Duration: 00:52Published on March 20, 2025

Bank of England expected to pause rate cuts despite contracting output Bank of England expected to pause rate cuts despite contracting output Policymakers find themselves in a tight spot ahead of Thursday’s rate decision, with growth remaining sluggish and inflation.. Credit: euronews (in English) Duration: 04:34Published on March 18, 2025

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Liz Truss turned Britain into 'Argentina on the Channel', says ex-Bank of England boss A former governor of the Bank of England has launched a scathing attack on Liz Truss - accusing her government of turning Britain into "Argentina on the Channel". Sky News - Published on September 17, 2023
Bank of England governor says interest rate rises nearing peak The governor of the Bank of England has told MPs that interest rates may not rise much further amid expectations that inflation is set to fall "markedly" by the end of the year. Sky News - Published on September 6, 2023
Bank of England says mortgage burden 'below financial crisis peaks' The Bank of England says it expects the proportion of income UK households spend on mortgage payments to remain below levels seen during the financial crisis. Sky News - Published on July 12, 2023

Jobs market - not Brexit - to blame for UK being inflation outlier, Bank of England boss says The governor of the Bank of England, which has raised interest rates to a 15-year high, has said the UK labour market and not Brexit is to blame for stubbornly high inflation. Sky News - Published on June 28, 2023
Fixed mortgage rates largely unchanged despite shock interest rise Average fixed mortgage rates are largely unchanged following the Bank of England's shock announcement of a 5% base interest rate, according to a financial information company. Sky News - Published on June 23, 2023
The big interest rate rise: Who will be affected today - and how much worse could it get? The Bank of England's interest rate has increased by 0.5 percentage points - a figure that was bigger than expected. Sky News - Published on June 22, 2023

Labour market 'is loosening', says BoE governor The governor of the Bank of England has said there are signs that labour market tightness is loosening - but warned interest rates could still be increased further to curb inflation. Sky News - Published on May 17, 2023
Top economist regrets urging people to accept they are poorer The Bank of England's top economist has expressed regret for saying people need to accept being poorer. Sky News - Published on May 15, 2023
Inflation to fall 'rapidly' - but worse interest rate pain yet to come, BoE governor warns The governor of the Bank of England has told Sky News he expects inflation to fall "rapidly" in just weeks - but warned two thirds of the pain from interest rate rises is yet to come. Sky News - Published on May 11, 2023
Bank of England set to hike interest rate again - but could this be last time for a while? The Bank of England is set to impose another interest rate hike on the UK economy today, the 12th consecutive increase in its battle to curb rampant inflation. Sky News - Published on May 10, 2023

'We're all worse off': People urged by Bank of England to 'accept' being poorer The Bank of England's chief economist has urged people to accept they are poorer, warning that inflation risks remaining stubbornly high. Sky News - Published on April 25, 2023
Lowest demand for cash since central banks hoarded notes over millennium bug fears Demand for banknotes is at its lowest since central banks stockpiled cash for fear of the millennium bug, the Bank of England's sole currency printer said. Sky News - Published on April 12, 2023
Governor says Bank of England in period of 'heightened tension' The Bank of England governor has told MPs the regulator is currently in a period of "very heightened tension and alertness". Sky News - Published on March 28, 2023	Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue The British arm of Silicon Valley Bank (SVB UK) has handed out millions of pounds in employee bonuses just days after its insolvency was averted through a Bank of England-orchestrated rescue deal. Sky News - Published on March 18, 2023
Silicon Valley Bank collapse 'does not have implications' for other UK banks The collapse of the UK branch of Silicon Valley Bank (SVB) is being mitigated by the Treasury and Bank of England, according to the Treasury. Sky News - Published on March 11, 2023	Andrew Bailey says 'nothing is decided' suggesting interest rates may rise less than thought Interest rates may rise less than previously thought with the governor of the Bank of England signalling there is no urgent need for hikes. Sky News - Published on March 1, 2023
Britcoin could create 'new frontier' for people to improve payments New technologies could help to open up a "new frontier" for payments and the way in which money is used, a Bank of England boss has told MPs. Sky News - Published on February 28, 2023	Inflation-busting public sector pay rises risk stoking inflation, Bank of England governor warns The governor of the Bank of England has told MPs that its forecasts for inflation to more than halve this year are at risk from price and wage-setting as unions continue to demand large public sector.. Sky News - Published on February 9, 2023
Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise The Bank of England has raised UK interest rates by a further half percentage point to 4%, but gave its clearest signal yet that borrowing costs may now be nearing their peak. Sky News - Published on February 2, 2023	'Hangover effect' remains after mini-budget chaos but mortgage shock is over, BoE governor says The governor of the Bank of England has told MPs there is still "something of a hangover effect" in the wake of the mini-budget market chaos last year but declared that the hit to mortgages was over. Sky News - Published on January 16, 2023
Bank of England's unprecedented bond market intervention yields £3.8bn profit The Treasury is set to make £3.8bn in profit from the intervention the Bank of England made in markets last year. Sky News - Published on January 12, 2023	Potential for UK to experience persistent inflation, Bank of England chief economist says Inflation may prove to be more persistent in the UK than other countries, the Bank of England's chief economist has said. Sky News - Published on January 9, 2023
Mortgage approvals at lowest level since early months of pandemic as credit card debt soars Mortgage approvals were at the lowest since the early months of the pandemic and credit card debt was up more than £1bn in November, according to data from the Bank of England. Sky News - Published on January 4, 2023

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Liz Truss turned Britain into 'Argentina on the Channel', says ex-Bank of England boss

Bank of England governor says interest rate rises nearing peak

Bank of England says mortgage burden 'below financial crisis peaks'

Jobs market - not Brexit - to blame for UK being inflation outlier, Bank of England boss says

Fixed mortgage rates largely unchanged despite shock interest rise

The big interest rate rise: Who will be affected today - and how much worse could it get?

Labour market 'is loosening', says BoE governor

Top economist regrets urging people to accept they are poorer

Inflation to fall 'rapidly' - but worse interest rate pain yet to come, BoE governor warns

Bank of England set to hike interest rate again - but could this be last time for a while?

'We're all worse off': People urged by Bank of England to 'accept' being poorer

Lowest demand for cash since central banks hoarded notes over millennium bug fears

Governor says Bank of England in period of 'heightened tension'

Silicon Valley Bank UK arm hands out £15m in bonuses days after £1 rescue

Silicon Valley Bank collapse 'does not have implications' for other UK banks

Andrew Bailey says 'nothing is decided' suggesting interest rates may rise less than thought

Britcoin could create 'new frontier' for people to improve payments

Inflation-busting public sector pay rises risk stoking inflation, Bank of England governor warns

Bank of England hikes interest rates by 0.5 percentage points in tenth consecutive rise

'Hangover effect' remains after mini-budget chaos but mortgage shock is over, BoE governor says

Bank of England's unprecedented bond market intervention yields £3.8bn profit

Potential for UK to experience persistent inflation, Bank of England chief economist says

Mortgage approvals at lowest level since early months of pandemic as credit card debt soars