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.

The rate of Consumer Prices Index inflation rose to 3.8 per cent in July from 3.6 per cent in June, the Office for National Statistics said today.

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.

Interest rates have been slashed to 4% this afternoon, marking the fifth cut since last August - and taking the cost of borrowing to its lowest level in more than two years

Governor Andrew Bailey tells the BBC he expects rates to continue falling, but “the course is a bit more uncertain”.

Recap all the action as the Bank of England reveals a new interest rate cut in a knife-edge decision that saw the Monetary Policy Committee forced into a second vote for the first time in its history.

A cut in the Bank of England base rate will help save remortgaging homeowners hundreds of pounds per year, expert analysis suggests. Vicky Shaw reports.