Annual price increases have accelerated for two consecutive months, pushing inflation above the Bank of England’s 2% target to 2.6%. However, much of this can be attributed to base effects from the same period a year ago, with underlying inflation ...

Bank of England expected to hold interest rates at 4.75 per cent - The Office for National Statistics revealed that inflation had risen to 2.6 per cent from 2.3 per cent, pushed higher by pricier petr

The Bank of England (BOE) ended its final meeting of 2024 with a decision to hold interest rates steady at 4.75%. The move came as UK inflation rose to an eight-month high of 2.6% in November, up from 1.

The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again.

Inflation in the U.K. has risen to its highest level since March. It's being driven by an increase in fuel prices last month.

As we approach the end of 2024, the economic news does not look good. The economy is assessed as having flatlined (zero GDP growth) in the third quarter.

The Bank of England is poised to keep interest rates on hold after inflation surged to an eight-month high and households were told to brace for further price rises. Hopes that the Bank could ...

LONDON (AP) — The U.K.’s central bank warned Thursday of “heightened uncertainty" as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best.

For most of the UK’s inflation shock over the past two years, Bank of England policy reacted to swings in wage and prices data. Now it’s leaning much more prominently on its own forecasts.

Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures.

The increase, which took inflation further away from the Bank of England's target of 2%, was in line with market expectations. This is the biggest increase since March, leading economists to rule ...

A panel of 21 industry experts shared their predictions on what's coming next for the mortgage market in 2025.