Bank of England

The Government's official measure of inflation hit 3.3% in May, well above the 2% target set by the Treasury.

Nationwide Building Society has announced it will raise mortgage rates on a number of fixed-rate and tracker mortgage products from tomorrow.

The Bank of England may raise interest rates next month as a survey showed a lack of public confidence in its ability to control inflation.

The Bank of England's (BoE) chief economist Charlie Bean is set to named as the Bank's new deputy governor.

Bradford & Bingley has raised its mortgage rates by as much as 0.55% for new borrowers.

The Treasury is searching for an independent valuer to assess any compensation due to Northern Rock's former shareholders.

House prices fell 2.4% in May, according to the Halifax, providing further evidence that the UK housing boom is over.

Interest rates are expected to remain at 5%, according to analysts, as the Monetary Policy Committee (MPC) prepares to announce its latest decision.

Investors should exercise caution over the coming months as the UK is far more likely to suffer a recession than it was in 2001, according to James Carrick, investment strategist at Legal & General Investment Management (LGIM).

The Bank of England's Monetary Policy Committee (MPC) voted 8-1 to keep interest rates held at 5%, according to minutes released today.