Read the most recent news on Bank Of England to stay informed about the latest events, reports and polices with our Bank Of England news section.
“The Bank of England has raised interest rates to 3 per cent, a level not seen since 2008. This is the eighth increase in a row and the biggest single rate rise since the late 1980s. The Bank’s inflation forecasts have also been announced which show that CPI is expected to remain h...
It warned that headline inflation would remain “above target over nearly all of the remainder of the forecast period”, at 2.3 per cent in two years’ time and 1.9 per cent in three years’ time. Such predictions suggest the central bank does not expect rates to be cut as aggressively as...