It said the economic shock from Covid-19 ‘could prove sharp and large, but should be temporary’.

Bank slashes interest rates to 0.25% to protect economy during virus outbreak

In the face of intensifying uncertainty surrounding Brexit, the Bank of England has decided to sit on its hands.

Bank of England predicts one in three chance of recession

With so much up in the air, the Bank of England’s Monetary Policy committee has decided to sit on its hands.

The Bank has downgraded its growth forecast for the British economy as uncertainty over Brexit intensifies. But will it change opinion?

Interest rates remain on hold at 0.75% but anything could happen next. The great unknown is Brexit.

 It should help protect the value of money in the bank but it will also make mortgage debt in particular more expensive to service.

The move sees rates reach their highest level since March 2009, when they were slashed from 1% to the emergency low of 0.5%.

The predicted increase from 0.5% to 0.75%, would mark only the second rise since the financial crisis.

The Bank of England is predicted to increase rates in what would mark only the second rise since the financial crisis struck.

The Bank of England downgraded its forecast for UK growth to 1.4% for 2018, down from 1.8% predicted in February.

The Bank of England has voted to raise interest rates for the first time in 10 years. But how will it affect you?

The move will come as a blow to millions of mortgage borrowers on variable rate deals - but will provide some relief for savers. 

The Bank has given its strongest signal yet that it could raise interest rates, with a rise possible as soon as November.

While remaining well above the Bank's target figure, the unexpected drop in inflation could make its mind up on an interest rate rise.

Economists predict the Bank will keep rates at 0.25% after they were cut to a record low in August in a post-Brexit stimulus package.