Bank of England

The Consumer Prices Index (CPI) rate of inflation climbed to 2.6% last month, from 2.4% in June.

Bank of England (BoE) governor Mervyn King has warned against a further cut in interest rates, arguing it would damage the banking sector and may be "counterproductive".

The Bank of England has held interest rates at 0.5% for the 41st consecutive month and kept its bond-purchase target at £375bn.

Capital Economics expects the Bank of England to cut the UK's base rate from 0.5% in an effort to stimulate growth, after last week's GDP figure showed the economy is shrinking faster than feared.

The Bank of England (BoE) has extended its quantitative easing programme by £50bn, in a bid to get the UK economy out of recession.

The Bank of England's Monetary Policy Committee (MPC) voted five to four to maintain quantitative easing (QE) at £325bn this month, overruling the governor and three colleagues who called for further expansion.

Governor of the Bank of England, Sir Mervyn King, will signal on Wednesday that interest rates will remain around their record low until the end of next year at the earliest, the Daily Telegraph reports.

The Bank of England's Monetary Policy Committee has resisted calls for further quantitative easing after leaving its programme of stimulus unchanged, with interest rates also kept on hold.

A deputy governor of the Bank of England has launched an outspoken attack on new European regulations that he warns could create further financial crises.

Deputy governor for Monetary Policy at the Bank of England Charlie Bean has said lower inflation next year should both support the mortgage market and consumer spending.