British inflation is forecast to rise sharply in the coming months, in part due to an increase higher global oil prices. Photograph: iStock

British consumer price inflation rose to 0.7 per cent in March from 0.4 per cent in February, reflecting higher fuel and clothing prices, official fig(...)

Photograph: iStock

The Bank of England has forecast the UK economy will contract by a historic 30 per cent in the first half of year but has decided not to launch new st(...)

 Governor of the Bank of England Andrew Bailey poses near his office on the first day of his post at the Bank of England in London. Photograph: Neil Hall/EPA

The Bank of England cut interest rates to 0.1 per cent on Thursday, its second emergency rate cut in just over a week, and ramped up its bond-buying p(...)

The Bank of England in London’s financial centre. The central bank voted to cut interest rates to 0.25%. Photograph: Jason Alden/Bloomberg

The Bank of England (BoE) unexpectedly cut interest rates by half a percent on Wednesday in a shock move to bolster Britain’s economy against disrupti(...)

The bank  estimated Britain’s economy would be able to grow at only an average rate of 1.1 per cent over the next three years without sparking damaging inflationary pressure. Photograph: Bloomberg

The Bank of England on Thursday voted to keep interest rates on hold at 0.75 per cent as its Monetary Policy Committee decided the improvement in busi(...)

Andrew Bailey:  said he was honoured   to take over from Mark Carney as head of the Bank of England, ‘particularly at such a critical time for the nation as we leave the European Union’.  Photograph: Simon Dawson/Bloomberg

Britain’s new government named Andrew Bailey as the next Bank of England boss on Friday, entrusting one of the City of London’s most experienced regul(...)

Once Bank of Ireland governor Mark Carney speaks in the press conference, his words are technically “public”. Photograph: Getty

The UK’s financial watchdog is investigating the revelation that an audio feed of the Bank of England’s market-sensitive press conferences was supplie(...)

Traders work on the floor of the New York Stock Exchange. Global markets are reacting positivity to perceived improvements in world economic outlooks. Photograph: Epa/Justin Lane

European shares rose for a fifth straight session on Thursday to hit fresh four year highs as investors cheered signs of progress in US-China trade ta(...)

The Bank of England trimmed its expectations for second-quarter growth, predicting GDP will remain flat against a previous forecast for 0.2%  expansion.  Photograph: Getty Images

The Bank of England has kept interest rates on hold at 0.75 per cent amid heightened no-deal Brexit fears and as UK growth falters. Policymakers on t(...)

UK chancellor Philip Hammond has fired the starting pistol on the government’s search for a new Bank of England governor to replace the central bank’s current chief, Mark Carney

UK chancellor Philip Hammond has fired the starting pistol on the government’s search for a new Bank of England governor to replace the central bank’s(...)

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