The rate of annual inflation was 3.6% in June, up from 3.4% in May. Economists polled by The Wall Street Journal had expected inflation to hold steady.

Bank of England Governor Andrew Bailey said he isn't yet convinced that the U.K. actually needs a CBDC, which would be a ...

The Bank of England is aiming for Britain's financial system to have an "ample" level of reserves rather than a scarcity or ...