Rates should be maintained while wages continue to stagnate and the fallout from Brexit remains unclear, the Bank of England governor says.Read the full story ›
The bank has been branded "arrogant and out of touch" by the Unite union over what it said was a "derisory" pay increase imposed on staff.Read the full story ›
The Bank of England has kept interest rates on hold at 0.25%, but for the first time since last July, the vote by the committee that sets rates was not unanimous.
Eight of the nine members of the Monetary Policy Committee (MPC) backed the no-change decision.
However, Kristin Forbes, who leaves at the end of June, voted for a rise to 0.5% minutes from the MPC meeting reveal.
Ms Forbes made the move amid fears that inflation is "rising quickly and was likely to remain above target for at least three years", according to the report.
While it marks the first non-unanimous vote since last summer, it also comes as the first call for a rate increase since January 2016.
The decision is the last before Article 50 is expected to be triggered later this month and policymakers were widely expected to leave rates at 0.25% in the face of potential economic turmoil from Brexit negotiations.
Her resignation comes after the Treasury Select Committee said her "professional competence falls short" of the standards required.Read the full story ›
Inflation reached a two-and-a-half-year high in January as rising fuel prices bumped up the cost of living.Read the full story ›
In his first major speech this year, Mark Carney said the falling currency will eventually weigh on wages and consumer spending.Read the full story ›
Economic forecasters had a “Michael Fish moment” over their mistaken predictions, the chief economist at the Bank of England said.Read the full story ›
Sir Mervyn King, who was Chief at the Bank of England until 2013, said it makes no sense for Britain to remain part of the single market.Read the full story ›
The UK is facing "sharper disparities" in inequality despite wider global growth, but monetary policy is not to blame, Mark Carney has said.Read the full story ›