Bank of England interest rates affect the mortgage, loan and savings rates for millions of people.

Governor Andrew Bailey delivers his strongest comments yet on the UK's departure from the EU.

Governor Andrew Bailey hints that borrowing costs could come down faster if inflation stays in line.

The Bank of England puts interest rates up and down to try to control inflation.

Its comments came as UK interest rates were left unchanged at a 16-year high of 5.25%.

Andrew Bailey told the BBC the recession was "mild" as figures on the economy are released Friday.

The Bank of England will decide interest rates later, but is not expected to cut them until the summer.

Under-investment had led to a "complicated and unwieldy system" being used, a review has found.