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Governor Andrew Bailey explains today’s decision to hold interest rates at 5.25%.

We are determined to return inflation to our 2% target, said President Christine @Lagarde after the ECB kept interest rates unchanged today. We need to be sufficiently confident of reaching our target before cutting rates. Watch the press conference ecb.europa.eu/press/presscon…

Later today: watch live as ECB President Christine @Lagarde explains the latest monetary policy decisions.

Only one week left to have your say on the Bank’s proposed regulatory regime for systemic payment systems using stablecoins and related service providers. Have your say: b-o-e.uk/47TvUnF Closes 6 February.

Critical minerals such as copper, cobalt, lithium, and nickel–all used to make everything from EV batteries to solar panels to wind turbines--are highly vulnerable to trade restrictions and can affect the cost of the climate transition. Read more in F&D. bit.ly/47I5EO7

What is inflation, why is it happening and what can governments do about it? We answer these questions in this Ask an Economist video.

Despite some falloff in consumer interest, anti-obesity drugs are still likely to have profound implications at both the macro and sectoral level. mgstn.ly/46c7hSA

Last week Dave Ramsden met with local charities in Aylesbury for a community forum to discuss how the economic situation is affecting people they help. Thanks to @HeartofBucks for hosting and to the charities that joined. Find out more about our events: b-o-e.uk/48TltCv

Andrew Bailey sets out why we have raised rates by 0.25% today. The economy is doing better, but inflation is still too high. Raising interest rates is the best way we have of making sure inflation falls and stays low. b-o-e.uk/MPR-May2023

Congratulations to His Majesty King Charles III for his Coronation. The King’s portrait will appear on all four of our polymer banknotes. Find out more about banknotes featuring King Charles III here: b-o-e.uk/41kwdVi

Number of years it took each product to gain 50 million users: Airlines: 68 years Cars: 62 years Telephones: 50 years Credit Card: 28 years TV: 22 years Computers: 14 years Internet: 7 years PayPal: 5 years YouTube: 4 years Facebook: 3 years Twitter: 2 years WeChat:…

The Executive Directors of the @WorldBank today selected Ajay Banga as the President of the World Bank. Mr. Banga begins his five-year term on June 2, 2023. Read the news release: wrld.bg/8IQq50OeSrl

A once in a lifetime chance to watch the coronation of a king with the world. See every detail as King Charles III is crowned inside Westminster Abbey. The Coronation of King Charles III, special coverage begins Saturday at 5 a.m. ET on CNN

Our Centre for Central Banking Studies (CCBS) will deliver a webinar for central bankers and financial regulators covering the microprudential framework. The webinar will be held over three days from 3-5 May 2023. Find our more and register here: b-o-e.uk/3MJqnt7

Andrew Bailey explains why we have raised rates by 0.25% today. Inflation is still too high, but we continue to expect it to fall sharply from the middle of this year. Raising interest rates is the best way we have of making sure that happens.

Shocking moment entire flock of birds drops dead from the sky

What did we all think of the King's Speech?

It is important to check your banknotes are real. One way to check £20s is to tilt the note from side to side and make sure the words change between 'Twenty' and 'Pounds' in the hologram. b-o-e.uk/3UeGgbs

Monetary policy makers need to understand how climate change influences inflation. Our latest Quarterly Bulletin explores the macroeconomic effects of climate change and the transition to a net-zero economy. b-o-e.uk/3DhBrbS

Artificial intelligence has the potential to transform financial services. Together with the Financial Conduct Authority @TheFCA, we’ve published a discussion paper about how we could support its safe adoption. We would like to know your views. b-o-e.uk/3rIN5pB #AI