Bank of England

Bank of England governor Mervyn King yesterday set out his reasons for the overshoot of CPI inflation last month in a letter to new Chancellor George Osborne. They were all dubious, says Henderson chief economist Simon Ward.

UK inflation probably accelerated to a three-month high in April as higher energy costs and the weakness of the pound stoked prices enough to prompt a letter of explanation from Bank of England Governor Mervyn King.

David Cameron's new coalition government should transfer the FSA's regulatory powers to the Bank of England, say advisers.

Inflation is set to fall below its 2% target - even if interest rates remain at their record low, the Bank of England says in its Quarterly Inflation Report.

The Bank of England (BoE) today kept interest rates at a record low of 0.5% as uncertainty remains over who will govern Britain.

Interest rates are forecast to stay on hold today, as the Bank of England (BoE) looks to lend stability to the political and market turmoil.

Gross lending by mutuals increased by 36% in March to £1.597m compared to £1.174m in February.

Bank of England Governor Mervyn King believes interest rates in Britain will stay lower for longer than the markets expect to compensate for the fiscal pain ahead.

Taxes must rise sharply over the next decade to bring down borrowing, according to the National Institute of Economic and Social Research (Niesr).

The Bank of England's Monetary Policy Committee (MPC) voted unanimously to hold fire on any changes to interest rates this month, but some members are growing increasingly concerned about inflation.