The Latest Breaking News from Bank of England

The Bank of England has put up interest rates as it looks to grapple soaring inflation by making it more expensive to borrow and more rewarding to save money

Monetary Policy Committee raises rates by 50 basis points to 1.75 per cent

Poll earlier had revealed almost two thirds of the public worried by rising rates

In a gloomy economic outlook for the UK, the Bank of England predicted inflation would continue to rise with the economy heading for a full recession.

The Bank of England (BoE) this afternoon confirmed its base rate will rise from 1.75% to 2.25% - its highest level in 14 years and the seventh time in a row the central bank has upped its rate

The Bank of England has today confirmed it is hiking interest rates from 1.25% to 1.75% - a rise of 0.5 percentage points and the biggest rise in 27 years from the central bank

Chancellor Nadhim Zahawi said to be on holiday as Bank of England adds to dire economic outlook

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant…

Interest rates are already at their highest level in 13 years