Bank of England

The Bank of England has sharply revised its unemployment forecasts but emphasised this does not mean it is guaranteed to hike rates once the 7% threshold is reached.

UK CPI inflation dropped to 2.2% in October, a larger-than-expected fall that sent sterling to a two-month low against the dollar.

The Bank of England is expected to raise its growth forecast for the UK to 3% following the strong recovery the country has seen.

The Bank of England's (BoE) Monetary Policy Committee (MPC) has announced it will maintain interest rates at their historic low of 0.5%.

Mark Carney, the new Governor of the Bank of England, is pushing ahead with a strategic review of the institution's resources and priorities, just three months in to the job.

The Bank of England (BoE) could increase interest rates a "fair amount" without hurting homeowners taking advantage of the government's Help to Buy scheme, according to one of its policymakers.

In his final speech as deputy governor of the Bank of England Paul Tucker revealed that the resolution regime, which would allow one of the world's largest banks to collapse without being rescued, is now in place.

SOAPBOX

The government's popular Help to Buy mortgage scheme could threaten financial stability if it is mismanaged, a group of MPs has warned.

Bank of England governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.