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The Independent UK
The Independent UK
National
Joe Sommerlad

Interest rates: When is the Bank of England’s announcement today?

Bank of England Interest Rates Monetary Policy Committee Inflation Monetary Policy
Stefan Rousseau/PA

The Bank of England (BoE) is expected to announce its biggest interest rate rise in almost 30 years on Thursday as the UK continues to grapple with soaring inflation.

The central bank’s Monetary Policy Committee (MPC) has already raised interest rates five times this year, overseeing an increase from 0.1 per cent in December 2021 to 1.25 per cent in June as it attempts to put the brakes on runaway inflation – currently at a 40-year high of 9.4 per cent.

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