Latest
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The pound slides as the Bank of England warns of stagflation
Analysis The Bank of England raised UK interest rates and warned of soaring inflation and a collapse in economic growth. John Stepek explains what it means for the pound, the economy, and your money.
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The Bank of England has raised interest rates – but with some reluctance
Analysis As expected, the Bank of England raised interest rates yesterday – but not with any enthusiasm. John Stepek explains why, and what rising rates mean for your money.
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Bank of England raises interest rates to 0.5% and stops money-printing programme
Analysis The Bank of England has raised the key UK interest rate again – by a quarter of a percentage point to 0.5%. It's also going to cut back on its quantitative easing programme. John Stepek explains what it means for you.
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The US central bank is winding down QE faster than planned – so why are markets bouncing?
Analysis The Federal Reserve is to speed up the pace at which it is winding down QE, its money-printing programme. But instead of going into shock, stockmarkets rose. John Stepek explains what's going on.
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The Bank of England gives markets a shock
Analysis Despite warning that it would have to act on inflation, the Bank of England has opted not to raise interest rates. John Stepek looks at the markets’ reaction and asks: what now?
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Who is the Bank of England’s new £150bn of money printing really aimed at?
Analysis The Bank of England has said it is to print a further £150bn to dampen the effects of the second lockdown on the economy. But there's more to it than that, says John Stepek.
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Is the UK heading for negative interest rates?
News The hints that negative interest rates are heading for Britain are now coming thick and fast.
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The world's central banks will follow the Federal Reserve's example
News The US Federal Reserve – America's central bank – has said that it would become more tolerant of inflation and hold interest rates down. Others will follow.
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Bank of England
Glossary The Bank of England is the UK's central bank. It started life in 1694 as a private bank set up by London merchants as a vehicle to lend money to the government and to deal with the national debt.
Glossary
