All news on the topic: Bank of England

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HSBC fined £57.4m by Bank of England for 'serious failings' over deposit rules
The Prudential Regulation Authority (PRA) said HSBC failed "over many years" to properly put in place the requirements to protect saver deposits dating back to 2015
1223
Bank of England and Government issue update on launch of digital pound
The Bank and the Treasury launched a consultation in February last year over the so-called central bank digital currency
591
Businesses see the fastest growth in 7 months, service sector counters slump
The influential S&P Global/CIPS flash UK purchasing managers' index (PMI) reported a reading of 52.5 in January, up from 52.1 in December
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UK savings accounts where you can beat 4% inflation - see list of top payers
Inflation has crept back up again - but the good news is, the top-paying savings rates are still above 4%. So where exactly should you be putting your money?
854
Bank of England warns of mortgage and credit card debt crisis as defaults rise
The Bank of England has warned that default rates on mortgages and credit cards are rising - and are expected to increase further in the coming months
740
UK house prices fall at fastest rate for more than 12 years, says ONS
House prices fell by 2.1% over the 12 months to November 2023 to reach £285,000 on average, the Office for National Statistics
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Inflation in unexpected rise to 4% - what it means for your money
Inflation measures how prices have changed over time based on a "basket of goods" and services, which are regularly updated by the Office for National Statistics, to track prices
672
'Many people are stranded high on a mountain of debt after Christmas'
As families struggle to pay their bills, particularly over the Christmas period, Matthew and his 250 colleagues at Money Wellness are now hearing from a staggering 1,000 people a day
1067
Mortgage bills fall by £160 a month as lenders kick off 'rates war' for 2024
With more lenders cutting rates, mortgage broker Ranald Mitchell, of Charwin Private Clients, said the “unprecedented rate war is well underway” noting that “seismic moves” were to be expected in the coming months
508
Mortgage boost as Bank of England predicted to cut rates sooner than expected
The cost of a five-year fixed-term mortgage has fallen below 4% after inflation came in lower-than-expected at 3.9% for the 12 months to November
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Inflation plummets in boost for shoppers and homeowners - what it means for you
Inflation measures how prices have changed over time and the Office for National Statistics (ONS) releases new data every month to show how the rate has changed
625
Tetchy Rishi Sunak asked if he lies awake at night thinking about the poor
Appearing before the Commons Liaison Committee, Prime Minister Rishi Sunak was asked if lies awake at night thinking about the gulf between the rich and poor in Britain
1085
Interest rates held at 5.25% again by Bank of England - but warns cuts unlikely
The Bank of England base rate, which influences the interest rates offered by banks and lenders, has remained at 5.25%
622
Interest rates held at 5.25% for third time - how it affects your money
The base rate has now remained at 5.25% for the last three Bank of England meetings - we explain what it means for your mortgage, credit card and savings
654
Mortgage relief for millions as average 2-year fixed deal falls to six-month low
Mortgage rates surged in the wake of Liz Truss’s bungled mini-Budget last year, and they had already been on the rise after a wave of rate hikes by the Bank of England to cool inflation
574
Bank of England warning as millions to see monthly mortgage costs rise by £240
According to the Bank of England's twice-yearly Financial Stability Report, a further 900,000 people could see an increase of more than £500 on their mortgage repayments
772
'Eton Dave can't breathe life into this rotting corpse of a Tory government'
It's been another week of infighting and disasters for Rishi Sunak's party - just don't forget it all when it comes to election time
1126
'Rishi Sunak has wasted £140m which could have gone on tackling smuggler gangs'
The public want an immigration system that is fair and compassionate, and they want a Government that is competent and respects the law - at the moment they have neither
705
Rishi Sunak gloats about inflation fall that had nothing to do with him
The PM gloated 'we’ve done it' after the consumer prices index dropped last month, from 6.7% to 4.6% - but experts say the main reasons were nothing to do with the Government
1076
Inflation falls to lowest level in two years after energy prices ease
Inflation is down from its peak of 11.1% a year ago - but is still higher than the 2% target set by the Bank of England, which has, until recently, been putting up interest rates
819
Mortgage relief as Halifax, First Direct and HSBC among lenders cutting rates
Mortgage rates have been dropping over the last few months with major UK lenders now offering more mortgage products under 5%
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Exact date interest rates could be cut - in hope for mortgage holders
Analysts at financial services giant Morgan Stanley predict the base rate - which influences the interest rates charged by banks and lenders - could eventually drop down to 4.25%
1148
Britain's top four banks set to double profits - raking in £1,660 per second
By the end of September, NatWest, HSBC, Lloyds and Barclays had combined profits almost topping £40billion, according to analysis of the banks’ public accounts by Unite
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'Interest rates have been held - but worrying numbers are still to feel pain'
Mortgage rates have come down in recent months but they're still more expensive compared to the types of deals we were used to seeing — this is bad for anyone coming off their fix
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Bank of England holds interest rates again at 5.25% in relief for homeowners
The Bank of England base rate, which influences the interest rates offered by banks and lenders, is currently at 5.25% after the Monetary Policy Committee kept it unchanged in September