There is little doubt that a lack of clear progress in reducing inflation has spooked the Bank of England’s Monetary Policy Committee. Rather than a clear vote to reduce rates to 4 per cent in August, there was a close five-to- four split and significantly more hawkish commentary.

Both the tumbling of the old Bank of England, and the raising of its 1920s/30 successor, is documented in Building the Bank - 100 years on, an exhibition running from 16 September 2025-spring 2027 at the Bank of England Museum.

Gilt yields rose to their highest in almost three months ahead of UK inflation data that could cement the case against the Bank of England cutting interest rates again this year.

While the Bank of England consults on who will appear on the next round of British bank notes, with reports that Winston Churchill could be dropped from the fiver, this week in the South Atlantic

Inflation is likely to show another uptick, giving Bank of England policymakers more to consider ahead of their next meeting.

Money markets are adding to bets the Bank of England will keep interest rates on hold at 4% for the rest of this year as signs of faster inflation and a more resilient economy reduce the case for more easing.

The high street bank is keeping competition fresh in the savings markets as others cut interest rates in the wake of the Bank of England base rate drop

Following the Bank of England base rate cut earlier this month, a number of banks have been dropping their interest rates