Bank of England (BoE) Governor Mervyn King has issued a stark warning to MPs "not to read too much" into recent strong GDP figures.
The Bank of England's Monetary Policy Committee (MPC) today held interest rates at their historic low of 0.5%.
The Bank of England's Monetary Policy Committee (MPC) today held interest rates at their historic low of 0.5%.
Britain is at risk of sliding into a Japan-style period of deflation, according to a Bank of England policymaker.
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.
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.
Interest rates have been kept on hold at 0.5% by the Bank of England.
UK inflation is likely to have risen to around 3.5%, exceeding the Bank of England's (BoE) target for the third time.
The Bank of England has kept interest rates at 0.5% and frozen its quantitative easing programme.