Bank of England expected to hold interest rates at 4.75 per cent - The Office for National Statistics revealed that inflation had risen to 2.6 per cent from 2.3 per cent, pushed higher by pricier petr

Inflation in the U.K. has risen to its highest level since March. It's being driven by an increase in fuel prices last month.

The Bank of England on Thursday kept its key interest rate at 4.75 percent, deciding against a cut in line with the US Federal Reserve, as UK inflation rises again.

The U.K.’s annual rate of inflation rose further above the BOE’s target, increasing the likelihood that policymakers will opt to hold rates in place this week, despite a struggling economy.

The Bank of England is poised to keep interest rates on hold after inflation surged to an eight-month high and households were told to brace for further price rises. Hopes that the Bank could ...

For most of the UK’s inflation shock over the past two years, Bank of England policy reacted to swings in wage and prices data. Now it’s leaning much more prominently on its own forecasts.

Bank of England policymakers voted 6-3 to keep interest rates on hold on Thursday, a bigger split than economists had predicted as officials disagreed over how to respond to a slowing economy that remains beset by inflation pressures.

Inflation in the UK climbed to 2.6 per cent in November, it was revealed today, as the rise in the cost of living accelerated again.

LONDON (AP) — The U.K.’s central bank warned Thursday of “heightened uncertainty" as it kept interest rates on hold after inflation moved further above target, even at a time when the British economy is flatlining at best.

The increase, which took inflation further away from the Bank of England's target of 2%, was in line with market expectations. This is the biggest increase since March, leading economists to rule ...

The Bank of England wrapped up a big year of central bank rate cuts by keeping rates steady on Thursday December 19 - a day after the Federal Reserve eased policy but suggested it would be more cautious in 2025.

Serious questions are being asked of the still quite newly elected government of UK Prime Minister Keir Starmer, following the release of dismal quarterly growth figures on Monday, localt time.