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 ›
The Bank of England's supplier for its £5 notes is looking at "potential solutions" after it emerged animal fat is used to make the money.Read the full story ›
The bank now needs to raise £2 billion to boost its financial strength.Read the full story ›
Bank of England Governor Mark Carney revealed plans to inject a stimulus into the economy ahead of an expected 2.7% rise in inflation.Read the full story ›
Bank of England governor Mark Carney has said UK growth has been better than expected in the wake of Brexit but future is still uncertain.Read the full story ›
The Bank of England has left interest rates unchanged at 0.25%, it has been announced.
The Bank also increased its growth outlook for the economy to 2.2% in 2016 and 1.4% in 2017.
But it slashed its forecast for 2018 to 1.5% and said inflation was set to surge to 2.7% next year.