Bank of England News and Monetary Policy Updates
Sterling gains as budget clears and Bank of England rate hike bets build
Sterling is outperforming major peers at the end of the week as investors absorb the UK government's latest budget and look ahead to a likely Bank of England rate increase next week. The currency ...
Bank of England surveys signal UK pay growth to hold near 3.5% in 2027
UK businesses expect wage increases to remain close to current levels next year, according to Bank of England survey results released on Friday. The findings suggest domestic pay pressures are ...
UK long-term inflation expectations ease in October
British households' expectations for future inflation decline in October, pointing to slightly softer price outlooks among consumers. Longer-term expectations tracked by the Bank of England fall ...
UK mortgage approvals fall to lowest since late 2023 as borrowing costs rise
Higher borrowing costs are weighing on the UK housing market, with mortgage approvals for house purchases falling again in September. The decline comes as financial markets price in a Bank of ...
Bank of England launches tokenised collateral consultation for UK central clearing
The Bank of England is opening consultation on how central counterparties can accept tokenised forms of eligible collateral in central clearing. The move is aimed at improving the speed and ...
UK Treasury sets 2026 Financial Policy Committee remit for financial stability priorities
The UK government has issued its annual 2026 remit for the Bank of England's Financial Policy Committee, setting out expectations for how the body should balance its financial stability mandate ...
Bank of England orders Revolut product approval review as UK lending push expands
Revolut is facing a Bank of England review of its product approval processes as it broadens its UK banking activities after securing a full licence in March. The order focuses on risks tied to the ...
FTSE 100 gains as lower oil prices lift risk appetite in UK markets
London equities move higher on Monday as a retreat in oil prices supports broader buying across the market at the start of a week packed with fiscal and monetary policy signals. Investors are also ...
Sterling weakens ahead of UK budget and central bank decisions
Currency markets are turning cautious at the start of a week dominated by fiscal and monetary policy events in the UK and abroad. Sterling slips against the euro and the U.S. dollar after reaching ...
Bank of England rate path seen staying below 4.75% next summer
UK financial markets are pricing a steeper Bank of England tightening cycle than many City economists expect over the coming year. Several forecasters say the bank rate is more likely to peak ...
UK Budget outlook gets support from calmer bond markets
Britain heads into next week's Budget with bond investors focused less on political theatre and more on whether the government preserves market confidence. John Healey faces limited fiscal room, ...
Bank of England committee flags T+1 and digital infrastructure risks for UK securities lending market
UK securities lending participants are discussing how operational change, tax friction and digital infrastructure are reshaping the market ahead of the planned move to T+1 settlement in October ...
Bank of England warns physical climate shocks raise inflation and output risks
Climate-driven physical shocks are moving closer to the core of central bank policy as weather-related losses climb and supply disruptions increasingly feed into prices and production. In a speech ...
Pound gains as euro zone outflows lift UK assets
Sterling rises on Thursday as investors pull money from euro zone assets, helping UK markets hold up better than peers across the region. Expectations for Bank of England rate increases next month ...
Bank of England hosts ESCB climate research workshop with Slovakia central bank
Central banks in Europe are expanding joint research on climate-related economic and financial risks through the European System of Central Banks' climate change research cluster. The fifth annual ...
UK FTSE 100 edges lower as inflation data strengthens BoE rate hike bets
British equities are holding near flat levels after two straight sessions of losses, as investors weigh persistent price pressures against support from stronger oil markets. The latest inflation ...
Sterling extends gains as UK inflation strengthens Bank of England rate hike bets
Sterling strengthens against the dollar and the euro after UK inflation comes in above expectations, reinforcing expectations of a Bank of England rate increase next month. The move keeps the ...
Liz Truss book targets Bank of England ahead of October release
Former UK prime minister Liz Truss is returning to bookshelves with a new 100-page title that revisits the 2022 gilt-market turmoil and the collapse of her government. The book, due for ...
UK inflation rise strengthens Bank of England rate hike expectations
Britain's inflation rate is accelerating as households and businesses continue to face higher living and operating costs during the post-pandemic recovery. The move to 3.5% is intensifying market ...
Bank of England regulator to set performance targets under five-year PRA strategy
The UK banking watchdog is preparing a broader overhaul of how it measures and explains its work as pressure grows on regulators to support economic growth and competitiveness. The plan centres on ...
Bank of England policymaker backs rate rise as inflation risks grow
Rising energy costs linked to the Iran war are strengthening concerns inside the Bank of England that broader price pressures could intensify. Megan Greene says the risk of second-round inflation ...
