U.K. consumers' expectations on price increases in the next 12 months rose to the highest since November 2008, a quarterly Bank of England survey showed. Britons predicted inflation of 2.5 percent in a year's time, compared with 2.4 percent in November, the central bank said today in London. GfK...

Mortgage approvals slumped in January but the Bank of England's favoured measure of broad money growth rallied to its highest annualised rate since August last year, the latest BOE data showed. The January data showed a picture of a sharp deterioration in housing market demand offset by an increa...

During this period, the Committee has provided additional stimulus to the economy by conducting a large-scale asset purchase programme. The aim of the programme is to stimulate nominal demand by injecting extra money directly into the economy. The Banks purchases of government bonds encourage...

Consumer inflation in the United Kingdom rose at an annual pace of 3.5% in January, requiring Bank of England Governor Mervyn King to write a letter to Chancellor of the Exchequer Alistair Darling. The BOE chief is required to write an open letter when inflation misses the 2% target by more than a...

British consumer price inflation is expected to have jumped to a 15-month high of 3.5 percent in January, but the news is unlikely to shift the Bank of England's view that this is a transitory surge which will soon fade away. Retail price inflation in January is expected to show an even bigger si...

Housing equity withdrawal (HEW) data for the third quarter showed householders injected a net total of stg4.91 billion, the sixth consecutive quarterly injection, but much smaller than in the second quarter. The data, issued by the Bank of England, suggest that while householders are continuing ...

Tuesday, the Bank of England said individuals injected a net total of GBP 4.9 billion into housing equity in the third quarter compared with a revised net injection of GBP 6.9 billion in the second quarter. In the third quarter of 2008, the net injection was GBP 5.8 billion. As a percentage of t...

Britons' inflation expectations for the coming year held steady at 2.4 percent in November, the same as August and May, a quarterly survey from the Bank of England showed on Thursday. The survey showed people thought the current rate of inflation was 3.2 percent, down from a reading of 3.8 perce...

Unexpected news Friday that the U.K. remained mired in recession in the third quarter unleashed a profound shift in what investors think the Bank of England might do next. The news added a big argument in favor of the BOE soon seeking another increase to its bond-purchasing program, which now sta...

The British rate decision brought no surprises – the rate stayed unchanged at 0.5%, and so did the…

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