MPC

The Bank of England has announced significant changes to the running of its Monetary Policy Committee (MPC) in response to an independent review of its practices.

Kames Capital's CIO Stephen Jones expects the Bank of England to hold interest rates throughout next year, despite expectations of an upcoming hike.

Minutes released by the Bank of England's Monetary Policy Committee this morning revealed a more hawkish stance than investors expected, helping to lift the flagging UK currency.

The Bank of England's Monetary Policy Committee remained split 7-2 against raising interest rates this month but took a gloomier view of the country's economic prospects.

The Bank of England's chief economist has suggested interest rates could remain low for a protracted period without causing inflation to spike.

The Office for National Statistics has revised second quarter growth figures in the UK up from 0.8% to 0.9% in its final estimate.

UK unemployment fell to its lowest level in six years in the three months to July, according to the latest figures from the Office for National Statistics (ONS).

Two members of the Bank of England's Monetary Policy Committee again voted to raise rates this month, minutes from the latest meeting show.

The Bank of England will hold off on hiking rates for six months if it does not act by November, leaving a "clear run" for investors until the general election, Richard Buxton has predicted.

US markets continued to edge higher on Wednesday, despite the Federal Reserve's latest minutes suggesting an interest rate hike may come sooner than expected.