Chancellor George Osborne, never one to let some good data pass unremarked, yesterday welcomed what he called a “powerful mix” of low prices and rising wages

If you blinked, you’ll have missed it: the UK’s brief descent into deflation has ended, with official figures yesterday showing the cost of living cre(...)

Mark Carney, governor of the Bank of England, is expected to keep interest rates steady on Monday. (Photograph: Simon Dawson/Bloomberg)

Mark Carney may be getting ready to unsettle investors again. The Bank of England governor has an opportunity this week to address bets that he’ll kee(...)

Conservative party backbenchers cheer after Chancellor of the Exchequer George Osborne delivered his Budget statement to the House of Commons, London.

Mr Deputy Speaker,Today, I report on a Britain that is growing, creating jobs and paying its way.We took difficult decisions in the teeth of oppositio(...)

Mark Carney stressed that risks from low inflation in Britain related mainly to the labour market, not to deferred consumption as occurred in Japan, where deflation became entrenched during its so-called lost decade.

Bank of England chief Mark Carney has warned of the likely impact a Greek exit from the euro would have on Britain.Mr Carney also urged employers on T(...)

Mark Carney, governor of the Bank of England,  has said a negative inflation rate will be “temporary” and the UK won’t experience deflation. (Photograph: Simon Dawson/Bloomberg)

Britain’s inflation rate fell more than economists forecast in January, dropping to record low as food and fuel prices plunged. Consumer-price growth (...)

The central bank also said it would reinvest £4.35 billion of proceeds from a maturing January 2015 bond in its £375 billion of quantitative easing asset purchases.

The Bank of England kept interest rates unchanged at 0.5 per cent after its first meeting of 2015, as tumbling oil prices have pushed inflation to a 1(...)

A drop below   an inflation rate 1 per cent would force Bank of England governor Mark Carney to write an explanatory letter to the UK government.

The Bank of England isn’t under pressure to raise UK interest rates as inflation slides further below its target, bank policy maker David Miles said(...)

Haruhiko Kuroda, governor of the Bank of Japan, points to a sign as he speaks during a news conference at the central bank’s headquarters in Tokyo yesterday.  Photograph: Bloomberg

Japan is no longer governed by consensus. This is true at least of its monetary policy. Haruhiko Kuroda, governor of the Bank of Japan, launched still(...)

The MPC also said it remained committed to keeping at £375 billion the stockpile of assets which it acquired under its programme of government bond purchases

The Bank of England kept interest rates at a record low on Thursday as the risk of a new recession in the euro zone and caution from the US Federal Re(...)

The BoE said on Thursday it was keeping its stock of assets amassed under its quantitative easing programme at £375 billion

The Bank of England kept interest rates on hold on Thursday as Britain’s economy continued to thrive, although risks to the recovery both at home and(...)