Bank of England

It’s the right response to the increase in price pressures spurred by conflict in the Middle East

46 firms have agreed to take part

The BOE is trying to strike a balance between taming inflation and supporting growth

Holding at 3.4%, it beats economists’ expectations of a decline to 3.2%

Economists and investors think the weakness of the labour market will limit how far the BOE raises rates this year

Banks and building societies approve 65,945 home loans, up from 63,979 in March and the highest number since January last year

Keeping interest rates on hold was already affecting the economy, he said

It is lower than economists’ expectation of 3%

BRITISH employers are relying more heavily on temporary workers, a closely watched survey shows, as they adapt to economic turbulence from the war in the Middle East.