Inflation and the 2% target - Bank of England
Jun 22, 2023 · To keep inflation low and stable, the Government sets us an inflation target of 2%. This helps everyone plan for the future. If inflation is too high or it moves around a lot, it’s hard for businesses to set the right prices and for people to plan their spending.
What is inflation? - Bank of England
Inflation is the measure of the speed of those increases. When prices are rising quickly, it means inflation is high and you can’t buy as much with your money. Therefore, the cost of living is higher. The Government sets us a target of ensuring inflation is low and stable at 2%.
Inflation calculator - Bank of England
Use our inflation calculator to check how prices in the UK have changed over time, from 1209 to now. Our inflation calculator is designed for illustrative and general reference purposes only.
Inflation Reports - Bank of England
Our quarterly Inflation Reports set out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.
Inflation and interest rates - Bank of England
We expect inflation to be lower and more stable than it has been over the past two years. What are interest rates? Interest is the cost of borrowing money or the reward for saving.
Interest rates and Bank Rate | Bank of England
Aug 1, 2024 · Why does Bank Rate influence spending and inflation? How Bank Rate affects you partly depends on if you are borrowing or saving money. If rates fall and you have a loan or mortgage, your interest payments may get cheaper.
Monetary policy - Bank of England
Nov 7, 2024 · Monetary policy affects how much prices are rising – called the rate of inflation. We set monetary policy to achieve low and stable inflation. This is our primary monetary policy objective.
Monetary Policy Report - November 2024 | Bank of England
Our quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.
Monetary Policy Report - August 2024 - Bank of England
Our quarterly Monetary Policy Report sets out the economic analysis and inflation projections that the Monetary Policy Committee uses to make its interest rate decisions.
Latest results from the Decision Maker Panel survey - 2024 Q3
Sep 19, 2024 · Firms in the DMP are also regularly asked about their current CPI inflation perceptions. These have followed annual CPI inflation rates closely, particularly during the period of high headline inflation, suggesting firms are paying …