There is also a sense in which the Bank was hoisted by its own petard. Central banks took to responding to very weak inflation by promising to…

The Bank of England spent more than £50,000 of public money on a “more inclusive” rebranding that removed piles of money and the St George’s cross from…

It’s not just that prices have been rising quickly, it’s that they have been increasing much faster than the Bank predicted.  On top of misreading the economy…

On 11 of those she has been seated in a roughly familiar form, though with variations on the pose, an ever-changing pile of coins and, on one…

It’s therefore worth asking: is an annual inflation target of 2pc even a desirable framework to begin with? If followed to the letter, central bankers are encouraged…

Tens of billions of pounds in investment is to be unleashed by City insurers after ministers pledged to axe controversial EU-era red tape in a major post-Brexit…

For more than a decade, savings accounts from high-street banks have offered meagre returns, even to diligent savers. That had been just another consequence of post-2008 low-interest…

The resulting liability was mentioned in a little noticed exchange of letters between Sunak and Andrew Bailey, Governor of the Bank of England, published at the same…

Mr Pill’s comments came as recruiters reported further signs of “hot” competition amid intensifying staff shortages. The latest snapshot of 400 companies from the Recruitment and Employment…

It is this credibility that keeps people’s inflation expectations anchored and so pay rises in check. Asking workers to endure a meagre pay raise otherwise amounts to…

Dario Perkins, who helped design the Bank of England’s modern structure, said the monetary policy committee has been spooked by inflation and wants to show that it…

Ottawa’s mayor, Jim Watson called for a near-doubling of the police force, with an extra 1,800 officers brought in to control the situation.  While the protest’s macroeconomic…

The Bank of England has left Britain just one shock away from recession after failing to control inflation, a top economist has warned. Inaction by Threadneedle Street…

Inflation is headed above 7 per cent, according to the Bank of England. So what does the Government intend to do about it? Often, when this question…

Trade union Unite, which represents almost 600 of the Bank’s staff, recently accepted a 1.5pc pay increase this year that is due to take effect from April….

I’d personally have preferred to see a 0.5 percentage point hike and indeed it was a close-run thing with four out of nine members of the Monetary…

It is admittedly true that the peak ought to be quite soon. Base effects alone should ensure that the annual rate of inflation will shortly start abating….

Savers must act fast to secure the best interest rates as banks have started to pull top deals just days after launch. Several of the best-paying easy-access…

Analysts now fear the likely peak could be above 7pc in April as energy prices spike. Experts predict another rate hike to 0.5pc from the MPC next…

To misquote Wilkins Micawber: low inflation, low unemployment, result — happiness. High inflation, high unemployment, result — misery. Adding these two data points – inflation and unemployment…

Even top-paying accounts with eye-catching short-term bonuses fail to come close. £20,000 with Family Building Society’s Premier Saver, the best deal paying 0.72pc, will see the saver…

It is the third time households have seen pay packets shrink in real terms in a decade after squeezes following the aftermath of the financial crisis and…

In our recent history, there have been two contrasting examples of the interaction between real income squeezes and inflation. The episode that is best remembered by the…

The CPI in November was already 5.1pc up on a year earlier. The concentration of already announced price increases in the next few months is such that…