Bank of England

Mervyn King, governor of the Bank of England, has told MPs he is confident inflation will fall back to its 2% target.

A surprise boom in retail spending in May might prompt the Bank of England to raise interest rates earlier than expected.

Gross mortgage lending fell slightly in May after making a small recovery in April this year, according to the Council of Mortgage Lenders (CML).

The cost of an average two-year fixed rate mortgage has increased by over 60 basis points in the last three months, according to Legal & General.

The Bank of England's Monetary Policy Committee (MPC) voted strongly in favour of keeping interest rates at 5% earlier this month, according to minutes from the meeting.

Northern Rock's speedy loan repayment could intensify the credit crunch, according to New Star economist Simon Ward.

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.