The Bank of England looks likely to cut interest rates next week, when it could also nudge investors to expect faster reductions than they currently predict as the economy flatlines.

The number of mortgage approvals to home buyers edged upwards month-on-month in December, according to Bank of England figures. Some 66,526 deals got the green light, up from 66,061 the previous month.

LONDON (Reuters) - The Bank of England delayed introducing new rules for banks to avoid putting British firms at a competitive disadvantage to the U.S. where President Donald Trump has promised to cut back on regulation for business, BoE Governor Andrew Bailey said.

London bullion market players are racing to borrow gold from central banks, which store bullion in London, following a surge in gold deliveries to the United States on speculation of potential import tariffs there,

The Bank of England on Tuesday announced a new emergency measure to deal with debt-market instability like that seen during Liz Truss’s brief tenure as prime minister in 2022.

The Bank of England faces an extra dilemma ahead of next week’s interest-rate decision, with the slump in the value of the pound threatening to add to resurgent price pressures.

People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one industry executive was quoted as saying.

The UK's central bank has launched an emergency lending facility to prevent a repeat of the hike in government borrowing experienced in 2022.

The Bank of England has opened applications for a new emergency lending tool which is designed to protect pension funds during times of severe market stress. The Contingent NBFI Repo Facility (CNRF) will provide crucial support to non-banking financial institutions by offering emergency loans during periods of market turbulence.

Employers are cutting jobs and raising prices to offset tax increases, with wages still growing too fast for policymakers’ comfort

As the Bank of England scrambles to unwind the disastrous effects of quantitative easing, the hidden costs of this policy are becoming clear, says Damian Pudner Quantitative easing (QE) has long been the Bank of England’s monetary policy nuclear option.

Bosses in the private sector expect a "significant fall" in activity over the next three months, according to a survey by the Confederation of British Industry (CBI).