Bank of England

Is inflation rising or isn't it? The question highlights an increasing split between the government view of prices and what the Bank of England sees in relation to the ‘old' measure of inflation, the retail price index.

Borrowing costs remain unchanged after the Bank of England's Monetary Policy Committee decided to leave the base rate unchanged at 4%.

Consumer borrowing still appears to be racing, according to the Bank of England's latest borrowing statistics.

Gordon Brown may have outlined the case for growth in his Budget yesterday, but more evidence has been published today supporting the case for further interest rate rises, which could put the squeeze on consumer spending.

The UK housing market is steaming ahead full pelt according to a troika of surveys just out, which will more than offset news inflation as measured by the government's preferred index fell last month.

The Bank of England has left its main interest rate at 4% today, avoiding another raise despite continued evidence of a hot housing market.

The Office for National Statistics has surprised the market with stronger than expected retail sales figures for January, suggesting the Bank of England will be under more pressure to consider another interest rate increase within the month.

The Monetary Policy Committee voted unanimously to raise interest rates earlier this month when the base rate was increased to 4% from 3.75%, minutes from the February 4 and 5 meeting show.

YESTERDAY'S INFLATION REPORT from the Bank of England can only mean one thing, and that is interest rates are set to continue rising, The Times writes.

The latest quarterly inflation report from the Bank of England says inflation according to the consumer price index should move up towards the 2% target as business investment and consumer spending continue to grow.