Bank of England

The Japanese government has raised the severity of the crisis at the Fukushima Dai-Ichi nuclear plant to 7, a rating only previously applied following the 1986 Chernobyl disaster.

The Bank of England today held interest rates at 0.5% as fears over a sluggish economic recovery outweighed inflation concerns.

The Bank of England is likely to maintain its current monetary stance and keep interest rates at their historic low today after a new report suggested the UK's economic recovery remains sluggish.

The first quarter rebound in the UK economy was weaker than expected, a survey suggests, adding to a growing consensus the Bank of England should again delay raising interest rates this week.

Experts from RLAM, Legg Mason and other top groups give us their views.

The governor of the Bank of England has warned inflation could top 5% because of rising inflation expectations and higher commodity prices.

WHY UK HAS REAL RATE PROBLEM

The pound reached a 14-month high today while gilts fell, after data revealed UK inflation soared to 4.4% in February.

Members of the Bank of England court revealed yesterday they are "uncomfortable" with governor Mervyn King's involvement in politics.

Expectations the Bank of England and European Central Bank will raise interest rates in the second quarter of 2011 have risen dramatically, a new survey of fund managers shows.