Bank of England

The outgoing Bank of England (BoE) deputy governor Sir Charlie Bean has said it is "reasonable" to expect interest rates to return to 5% within a decade.

Bank of England Governor Mark Carney has said the 'new normal' for interest rates in the UK will be around 2.5%, a level he predicted they may reach by 2017.

Plans to place loan-to-income restrictions on mortgage lenders have been announced by the Bank of England's Financial Policy Committee (FPC).

Central bankers are to confirm later today whether they will act on growing concerns about the housing market.

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

Monetary Policy Committee member David Miles has outlined his desire for a rate rise before his exit in May 2015.

Housebuilder stocks have fallen and the pound is nearing 1.70 against the dollar as investors react to Mark Carney's change of tack on interest rates and new measures that may curb mortgage borrowing.

Chancellor George Osborne plans to allow the Bank of England to implement new measures to control accelerating house prices in the UK, as the property market shows signs of overheating.

The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

The Chancellor is set to announce plans to clamp down on traders who manipulate markets, while establishing a review of how these markets operate.