Bank of England

The Bank of England's nine-member Monetary Policy Committee (MPC) was split three ways over the direction of monetary policy at their November meeting, according to minutes of the gathering.

Austria has suspended financial aid to Greece and claims the debt-stricken country failed to comply with the tax revenue targets agreed in the rescue deal.

Inflation is likely to remain high throughout 2011 but the Monetary Policy Committee (MPC) is more divided than usual over the reasons why, the Bank of England Governor says.

Annual consumer prices inflation (CPI) rose in October to a four-month high of 3.2%, up from 3.1% in September and higher than economists' forecasts.

Eurozone ministers are poised to meet in Brussels as the debt crisis once again threatens the economic stability of the 16-member bloc.

Long-term low interest rates are damaging pensions and will cause another financial crash, Ros Altmann will tell the Bank of England (BoE) today.

The Bank of England warns inflation is likely to stay above the 2% target throughout 2011, given the upcoming rise in VAT and continuing increases in import prices.

The Bank of England today rejected a fresh bout of quantitative easing and kept interest rates on hold for the 20th consecutive month.

DeAnne Julius, former Bank of England policymaker, and Sir John Gieve, ex-deputy Governor at the Bank have openly opposed another round of quantitative easing.

The government's spending cuts and the rise in VAT to 20% in January will result in more than 1.6 million job losses across the public and private sectors, research suggests.