Related topic: Bank of England

The latest Bank of England mortgage market data shows new commitments rising 11.5% quarter-on-quarter to £78bn, even as gross advances fell sharply, with stamp duty distortions...

Greene has hinted at future rate rises, arguing for a 'proactive approach' to growing inflation.

Despite approvals holding up, net mortgage borrowing dipped in April following a strong Q1.

Bailey believes the Bank has already effectively tightened monetary policy by taking the prospect of future rate cuts off the table.

Despite the surprise ease in inflation, industry experts say the fall is unlikely to be sustained.

The IMF has upgraded GDP from 0.8% to 1% for 2026, but warns that domestic and international risks remain.

Purchase and remortgage approvals both rose as buyers secured deals amid mortgage volatility.

One member voted to increase Bank Rate to 4%.

The rise reflects higher energy prices alongside wider economic uncertainty, although many industry experts expect the Bank of England to pause rather than hike rates.

Could better-than-expected GDP figures prompt the Bank of England to hold rather than hike rates?