Rising inflation forces Britons to dip further into their pockets to continue spending.
Persistently low wages have contributed to historic low rates says BoE's chief economist Andy Haldane.
The sterling came under pressure as the Bank of England governor said impact of Brexit was as yet unclear.
Bank of England shocks markets by voting 5-3 in favour of keeping interest rates on hold.
Bank's monetary policy committee came out in favour of keeping interest rates on hold in a surprisingly close vote.
Families are increasingly turning to credit cards and payday loans to pay bills, says TUC.
The mutual said protecting savers from rock-bottom interest rates helped see its membership soar to a record 15 million.
Survey shows firms preparing to give workers a 1% rise, as inflation forecast to jump to 2.7% this week.
Monetary Policy Committee votes 7-1 in favour of keeping interest rates on hold at 0.25%.
The central bank said the aim of the new UK Money Markets Code is to bring integrity to City trading.
Bank warns it will closely monitor the level of cyber and operational risks the new technology faces.
Inflation remains unchanged at 2.3% in March, exceeding BoE's 2% threshold for second successive month.
Inflation holds steady at 2.3%, as decline in air fares offsets sharp increase in food, alcohol and tobacco prices.
Recording of conversation between Barclays bankers appears to implicate central bank in Libor rigging.
Bank of England governor urges Britain to take 'the high road' in Brexit negotiations.
The new £1 coin will launch on Tuesday and the current coin will cease to be legal tender on 15 October this year.
The move comes as the Bank of England closely monitors the ailing lender.
Bank of England governor says he does not want to introduce a "one strike and you're out" policy for senior managers.
Low UK interest rates and productivity are trade-offs for historic unemployment rate of 4.8%.
Former Bank of England chief foresees no major problems with currency in an independent Scotland.
Dollar struggles after Federal Reserve lifts interest rates but hints at only two more hikes this year.
Monetary Policy Committee votes 8-1 in favour of keeping interest rates on hold at 0.25%.