The Latest Breaking News from Bank of England

The Bank’s monetary policy committee came to the decision by majority vote

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high

The Bank of England today increased interest rates by 0.25% as policymakers continue efforts to tame inflation.

Five types of mortgage loan you should know about as the base rate of interest is held at four per cent

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

Mirror money experts Sam Barker and Graham Hiscott will be live on the Daily Mirror Facebook page from 1pm on Thursday to discuss how the latest Bank of England base rate decision affects you

Decision on Thursday at 12pm

The Federal Reserve is expected to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation

Experts urge homeowners to make the vital changes as interest rates increase