Central bank says British households face higher debt burdens but banks are in better position to help than they were 15 years ago
Inflation rate falls to an annualized rate of 3% in June with easing prices for gasoline, airline fares, used cars and groceries
Bank says rate hike to 5% was prompted by elevated demand, driven by strong consumer spending
Expectations of higher borrowing rates are having a knock-on effect across lending markets
Forecasters say the economy has not softened enough for the central bank to back off
The increase came as the economy added 60,000 jobs in June, driven by gains in full-time work
Many economists described the message from the June meeting as a blurry one
Poorer households hit harder by economic and financial conditions
Declining energy and food prices drive sharp drop in consumer prices in May
Jennifer Martin of T. Rowe Price says markets are normalizing after a period of low interest rates and asset appreciation