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The Latest Breaking News from Bank of England

Bank of England says UK to enter recession lasting more than a year with inflation hitting 13.3%

The Bank has stated that the UK's "growth is very weak by historical standards"

Manchester Evening News

As recession looms, the Bank of England’s independence is under threat

Analysis: The monetary policy committee has been accused of being asleep at the wheel amid cost of living crisis

The Guardian - UK

Average mortgages to go up by £50 a month

This adds up to an extra £605.16 in mortgage costs over the course of a year.

Wales Online

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What does the Bank of England interest rate rise mean for you?

From first-time home buyers to credit card users, we look at how your finances may be affected

The Guardian - UK

Bank of England hikes rates as it predicts 13% inflation and long recession

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October

The Guardian - UK

£50-a-month jump in average tracker mortgage costs following rate rise

The increase adds up to more than £600 extra in mortgage costs over the course of a year.

The Independent UK

Bank of England warns of long recession in 2023 as it hikes interest rates

Economists say bleak new GDP and inflation forecasts are a “horror show.”

Evening Standard

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Bank of England raises interest rates to 1.75 per cent - the biggest hike in 27 years

It comes after experts warned that inflation could peak at 15 per cent

Manchester Evening News

Bank of England doomsday forecast of recession, interest rates and 13% inflation

The dire economic conditions will see real household incomes drop for two years in a row, the first time this has happened since records began in the 1960s, according to the Bank's forecasters

Daily Mirror

UK economy to fall into recession, predicts Bank of England as interest rates hiked

THE Bank of England has made its biggest increase in UK interest rates in 27 years while inflation is expected to peak at 13.3 per cent in October.

The National (Scotland)

Why are interest rates rising and when will they fall again?

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

Daily Mirror

Bank of England unveils biggest interest rate rise in 27 years

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

Evening Standard

Interest rate rise: 0.5 per cent increase will add thousands to mortgage payments for London first-time buyers

Bank of England base rate increase of 0.5 per cent means first-time buyers and existing homeowners face steep rise in mortgage repayments

Evening Standard

Interest rates up to 1.75%, with inflation forecast to hit 13.3%

The UK will enter five consecutive quarters of recession with gross domestic product falling as much as 2.1%, the Bank said

Wales Online

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The Independent UK

Bank of England raises interest rates to 1.75% - the highest level in 13 years

Interest rate rise is ‘further proof Conservatives have lost control of the economy’ Labour says

The Independent UK

UK faces long recession and deepest plunge in living standards on record, Bank of England warns

Country to enter recession this year and economy on course to shrink for five straight quarters

Birmingham Post

Bank of England lifts interest rates to 1.75% and warns UK set to enter recession this year

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

Daily Record

Interest rates rise to highest level since 2009 - here is what it means for you

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.

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Daily Mirror

Winners and losers as interest rates hit 14-year high - from homeowners to savers

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

Daily Mirror

Interest rates hit 1.75% in biggest rise for 27 years - what it means for you

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

The Guardian - UK

Rishi Sunak attacks Truss tax cut plan after big interest rate rise

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

The Conversation

UK interest rate rise: what the Bank of England's historic hike means for your money

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…

The Independent UK

How do interest rates affect inflation?

Interest rates are already at their highest level in 13 years

Evening Standard

FTSE 100 Live: Bank of England hikes interest rates to 1.75%, warns of recession

An interest rate hike of 0.5% is confirmed as the Bank of England takes its biggest step yet in the fight against inflation.

The Independent UK

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

Monetary Policy Committee likely to take further measures to rein in inflation

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