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The Latest Breaking News from Bank of England

What UK interest rate rise means for mortgages and savings

A financial expert explains what the Bank of England's interest rate increase means for borrowers and savers

Birmingham Post

Bank of England's 0.75% interest rise and what it means for you

The rate has risen again, as the cost of living continues to spiral

Liverpool Echo

Bank of England hikes interest rates again amid Russia's invasion of Ukraine

The Monetary Policy Committee voted 8-1 to increase rates to 0.75% on Thursday

Birmingham Post

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What does UK interest rate rise mean for savers and borrowers?

Mortgage holders, house hunters and savers will be affected by the Bank of England raising rate to 0.75%

The Guardian - UK

Bank of England raises interest rate to 0.75% and warns inflation will hit 8%

The Bank of England moved as expected to put borrowing costs up today and was widely encouraged to keep going.

Evening Standard

Bristol-Myers Squibb And 2 Other Stocks Sold By Insiders

The Bank of England increased its key Bank Rate by 25bps to 0.75% during its recent meeting. Investors, meanwhile, focused on some notable insider trades

Benzinga

Mortgages set to cost more as Bank of England raises interest rate to 0.75 per cent

It's the third rise in a row

Wales Online

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Bank raises rates to 0.75% as it warns inflation could reach double figures

The Bank of England’s Monetary Policy Committee voted eight to one to increase rates by a quarter point, marking the third rise in a row.

The Independent UK

Bank of England raises interest rate to 0.75 per cent — here’s what it means for homeowners

The new increase is the third back-to-back hike by the Bank of England, raising the cost of borrowing to pre-pandemic levels.

Evening Standard

Bank of England raises key interest rate as pressure mounts on households

War in Ukraine and fear of inflation surge cause policymakers to increase rate to 0.75 per cent

The Independent UK

What Bank of England's 0.75% interest rise means for you - from savings to mortgages

The Bank's Monetary Policy Committee - which influences what lenders do - has increased rates from 0.5% to 0.75% to try to cool soaring inflation. It comes amid warnings the war in Ukraine could send the cost of living crisis spiralling further

Daily Mirror

Bank of England raises interest rates to 0.75% as inflation soars

Threadneedle Street reacts to prospect of Ukraine war pushing UK inflation peak to 10%

The Guardian - UK

Bank of England hikes interest rates to 0.75% as cost of living crisis escalates

It is the third time in more than three years that the Bank of England has hiked the interest rate, which was at a record low for much of the coronavirus pandemic

Daily Mirror

Bank of England likely to raise key rate to combat inflation

The Bank of England is likely to raise its key interest rate for the third time since December

The Independent UK

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Evening Standard

FTSE 100 Live: Bank of England raises interest rate, inflation fears prompt Fed action

The Bank of England will today return interest rates to their pre-pandemic level as policymakers step up efforts to tackle inflation.

The Guardian - UK

Bank of England warns inflation could breach 8%, raises rates, condemns Russia’s invasion of Ukraine – as it happened

Rolling coverage of the latest economic and financial news, including the UK interest rate decision at noon

Daily Mirror

Bank of England urged not to raise interest rates amid cost of living crisis

The Bank wants to cool soaring inflation and Governor Andrew Bailey recently appealed to workers not to ask for big pay rises. But the GMB union yesterday called on rate-setters to hold fire

The Guardian - UK

Bank of England set for tough call on interest rates after US rise

Analysis: UK faces strong pressure from inflation, but increase could help push economy into recession

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news in one place.

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Evening Standard

Bank of England poised to shove rates up for third time in a row

Is the Bank of England putting up interest rates tomorrow (Thursday) at 12pm?

The Conversation

Interest rates are likely to rise by much less than most people are predicting

Inflation was already a serious problem thanks to the bottlenecks in the global supply chain caused by the COVID-19 pandemic. But following Russia’s brutal invasion of Ukraine, and the effect on oil and gas prices, inflationary pressures now look a whole lot worse.

The Independent UK

Bank of England joins effort to safeguard Ukraine’s assets as country faces economic devastation

Exclusive: The governor of the Bank of England, Andrew Bailey, offered his support to his Ukrainian counterpart

The Guardian - UK

Oil tumbles back to $100; UK pay squeeze continues – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Will the Bank of England push rates up with war set to drag spending power down?

Conflict in Ukraine means January’s GDP boost is unlikely to last, but Threadneedle Street still seems obsessed with curbing inflation

Wales Online

Bank of England expected to raise interest rates to 0.75pc as inflation soars

Russian invasion of Ukraine has intensified pressure on the Bank of England to raise rates as consumer price inflation increases

Daily Mirror

Russia's barbaric war in Ukraine set to hammer families and plunge UK into recession

Experts say the Bank of England is 'highly likely' to raise interest rates. There are also fears fallout from the conflict in Ukraine could lead to rising costs for businesses

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