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.
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.
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%.
Bank Rate reduced to 4.5% - February 2025 | Bank of England
Jan 29, 2025 · In support of returning inflation sustainably to the 2% target, the Committee judges that there has been sufficient progress on disinflation in domestic prices and wages to reduce Bank Rate to 4.5% at this meeting.
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.
August 2025 (to be published at 12pm) - Bank of England
6 days ago · 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.
Inflation and interest rates - Bank of England
How do higher interest rates help to lower inflation? Interest rates and inflation are closely linked. Higher rates will help to bring down inflation. But how exactly?
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.
The Bank’s Monetary Policy Committee (MPC) sets monetary policy to keep inflation low and stable, which supports growth and jobs. Subject to maintaining price stability, the MPC is also
Monetary policy - Bank of England
Nov 15, 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.