Bank of England

Members of the Monetary Policy Committee voted unanimously for the 0.25% hike in interest rates to 4.5% earlier this month, minutes from the Bank of England show.

Interest rates are more than likely to rise next week after the Bank of England published new figures showing Britons retain an undiminished appetite for borrowing.

The Bank of England's Monetary Policy Committee was close to voting for a full 0.5% increase in the base rate earlier this month minutes just published from the last meeting show.

April inflation figures just published by the Office for National Statistics show rising oil prices have substantially impacted on prices in the UK.

The Bank of England's Monetary Policy Committee has increased the UK base interest rate to 4.25%, as anticipated by the City.

ALL EYES are on the City today in this morning's national newspapers, as the industry waits to see whether the Bank of England's Monetary Policy Committee increases the base interest rate, as expected.

The latest lending figures from the Bank of England suggest the Monetary Policy Committee will simply be discussing the size of the interest rate rise rather than whether to impose one at all when it meets later this week.

Economists still expect interest rates to rise by next month even after the minutes of the last Monetary Policy Committee meeting show just one of the nine votes went in favour of a rise.

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%.