Bank of England

Terrible news for Sunak and Hunt puts election victory all but out of reach | Larry Elliott

Praise from the IMF and optimism on inflation have given way to echoes of last autumn’s turmoil

Larry Elliott

28, May, 2023 @9:12 AM

Rishi Sunak warned over possible UK recession in 2024

High inflation likely to push interest rates above 5% and force up mortgage and loan payments just ahead of election

Richard Partington and Rowena Mason

26, May, 2023 @5:41 PM

Hunt will back more interest rate rises even if they push UK to recession

Chancellor will back Bank of England’s decisions because ‘inflation is a source of instability’

Kalyeena Makortoff

26, May, 2023 @9:22 AM

UK interest rates forecast to jump above 5% this year after higher-than-expected inflation – as it happened

Rolling, live coverage of business, economics and financial markets as consumer price index inflation reaches 8.7%, well above forecasts

Jasper Jolly

24, May, 2023 @2:50 PM

Failure to grasp UK inflation drivers will continue to keep prices high

Energy prices have fallen, and farming and manufacturing costs have eased, so why are food prices still accelerating?

Phillip Inman

24, May, 2023 @10:35 AM

Bank forecast to raise rates above 5% as UK inflation falls by less than expected

Rate drops to 8.7% but food price rises remain close to 45-year high

Richard Partington Economics correspondent

24, May, 2023 @10:18 AM

Bank of England says inflation has ‘turned corner’ despite soaring food prices

Governor optimistic over economic recovery but concedes Bank has ‘lessons to learn’ after forecast errors

Richard Partington Economics correspondent

23, May, 2023 @3:45 PM

UK growth forecast upgraded by IMF; Bank of England governor says ‘big lessons to learn’ after inflation shock – as it happened

New IMF report shows “a big upgrade to the UK’s growth forecast” says Jeremy Hunt, with UK expected to grow by 0.4% this year not shrink by 0.3%

Graeme Wearden

23, May, 2023 @2:46 PM

From CPI to stagflation: how the UK tracks price rises and what key inflation terms mean

All the methods of cost of living calculations come with benefits and limitations

Larry Elliott Economics editor

23, May, 2023 @2:00 PM

Central banks ‘risk losing trust if they cannot tame inflation’

Bank of International Settlements also warns US bank failures and cryptocurrencies could reduce trust

Phillip Inman

19, May, 2023 @5:05 PM

Bank of England denies QE caused double-digit inflation; mortgage arrears and repossessions jump – as it happened

Central bank chiefs tell MPs that unwinding QE is more like descending a mountain than decommissioning a nuclear submarine