Now playing Next Economy Plans for UK interest rate hike The Bank of England has revised its forecasts for the UK, saying that it now hoped that interest rates could rise faster than previously predicted 08/02/2018
Now playing Next Economy Bank of England keeps interests rates on hold The Bank of England keeps interest rates on hold as real wages fall and consumers suffer biggest loss of spending power in 40 years. 14/12/2017
Now playing Next Economy UK inflation hits near six-year high BoE will have to write to Chancellor after breaking through 2% target ceiling to reach 3.1% in November. 12/12/2017
Now playing Next Economy The Bank of England raises its interest rate to 0.5 pct from 0.25 pct, the first hike in 10 years Bank of England raises interest rate to 0.5 per cent in the first hike in a decade 02/11/2017
Now playing Next Economy UK jobless rate stays at record low Unemployment is at its lowest level for more than four decades but inflation threatens to rise 18/10/2017
Now playing Next Economy Brexit weighs on UK economy Interest rates in the UK have again been kept at their record low level of 0.25 percent 03/08/2017
Now playing Next United Kingdom British pay growth lags further behind inflation, but jobless rate drops The new data complicates the debate among Bank of England officials over the need for higher interest rates 12/07/2017
Now playing Next World News 'hole in the wall' turns 50 ATM 50 years of churning out the cash 27/06/2017
Now playing Next Economy Bank of England says solid economic growth is linked to 'smooth' Brexit UK central bank cuts 2017 growth forecast only slightly, warns wages not keeping up with higher inflation means difficulty for British households. 11/05/2017
Now playing Next Economy Bank of England to 'stress test' banks as Article 50 day looms Bank of England calls for Article 50 stress tests 27/03/2017
Now playing Next Economy UK services sector optimistic, CBI survey finds Optimism among businesses in Britain's services sector is now higher than at any time since June's vote to leave the European Union. 27/02/2017
Now playing Next Economy UK central bank raises growth outlook Bank of England raises forecast for UK economic growth this year, in no hurry to put up interest rates, sees inflation at 2.8 percent in early 2018. 02/02/2017
Now playing Next Business Line It's not easy running a central bank in these strange political times Business Line reviews some of 2016's main economic changes and the responses of the Federal Reserve, the European Central Bank and Bank of England. 21/12/2016
Now playing Next United Kingdom Bank note controversy in UK The Bank of England’s new plastic five pound note has fallen foul of vegans and members of the UK’s Sikh and Hindu communities. 01/12/2016
Now playing Next Economy Bank of England drops planned UK interest rate cut The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017. 03/11/2016
Now playing Next Economy Bank of England governor Mark Carney to stay until June 2019 Bank of England Governor Mark Carney is to stay in that job until the end of June 2019 to help smooth Britain's departure from the European Union. 31/10/2016
Now playing Next Economy Brexit vote fears hit UK business sentiment The latest UK business surveys seem to show the economy losing steam with company bosses lacking confidence about investment and hiring workers. 10/10/2016
Now playing Next Economy OECD forecasts weak global growth, not enough to meet expectations of young and old The Organisation for Economic Cooperation and Development says global economic growth will flounder this year and next as globalisation stalls. 21/09/2016