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The Latest Breaking News from Bank of England

Bank of England raises UK interest rate from 0.25% to 0.5%

Four rate setters wanted even higher rise in borrowing costs

Evening Standard

Bank of England increases interest rates from 0.25% to 0.5% as inflation soars

Move marks the first back-to-back increase since June 2004

The Independent UK

Bank of England doubles interest rate to 0.5 per cent in blow to homeowners with variable mortgage loans

Here’s what today’s interest rate hike by the Bank of England means for homeowners.

Evening Standard

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Monthly mortgage bills going up as Bank of England hikes interest rate

Financial markets are now pricing in four rises in 2022

Wales Online

Bank of England increases interest rates to 0.5% to beat inflation eroding your cash

The interest rate has risen from 0.25% to 0.5%, it's highest level in more than two years, and the Bank of England decision means households will be paying more in mortgage and loan repayments

Daily Mirror

Bank of England raises interest rates to 0.5%

Rise aims to combat soaring inflation despite faltering economic recovery and deepening cost of living crisis

The Guardian - UK

Mortgages going up? Spare a tear for us renters

So, what’s your take on the news that interest rates are going up? — ex-Bank of England man Andy Haldane has pretty well said as much. Is this all you can talk about? Or is it just one of those things, way less interesting than the gas bill?

Evening Standard

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Bank of England likely to hike rates again as prices surge

The Bank of England is expected to raise interest rates for the second time in three months

The Independent UK

Cost of living: families face biggest fall in disposable income for three decades, Bank of England warns – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

FTSE 100 Live: Bank of England doubles rates, energy price cap hiked, Meta slumps, Playtech’s new approach

The Bank of England is today expected to hike interest rates to 0.5% and make another upward revision to its inflation forecasts.

Evening Standard

Bank of England expected to raise interest rates

It would mark the Bank’s first back-to-back increase since June 2004

Birmingham Post

Cost of your mortgage is set to be increased again today

The Bank of England is widely expected to raise interest rates again

Wales Online

UK interest rate rise predicted as cost of living crisis deepens

Bank of England to vote on potential rate change while inflation soars to 30-year high

The Guardian - UK

Bank of England preview: MPC poised to put up borrowing costs

The City expects four rate increases this year

Evening Standard

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Daily Mirror

Homeowners could save £3,000 by locking into mortgage deal now ahead of rate rise

Markets are expecting the Bank of England to hike its base rate from 0.25% to 0.5% tomorrow (February 3) when the Monetary Policy Committee meets - and this could be bad news for your mortgage

The Independent UK

Bank expected to raise rates to 0.5% in first back-to-back hike since 2004

The Bank of England has already raised rates from 0.1% to 0.25% in December to rein in rampant inflation.

The Guardian - UK

Ofgem to unveil new household energy bill price cap on Thursday morning – business live

Energy regulator to announce how much bills for 22m UK households can rise from April, as eurozone inflation hits record high of 5.1%

Daily Mirror

Interest rates predicted to rise to 0.5% - what it means for your mortgage and savings

The Bank of England (BoE) is predicted to hike its base rate from 0.25% to 0.5% this Thursday (February 3) when its Monetary Policy Committee meets - we explain what this means for you

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news in one place.

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The Guardian - UK

UK factory output growth jumps; US job openings rise; record low eurozone unemployment – as it happened

Rolling coverage of the latest economic and financial news

Input

World's first 500Hz gaming monitor leaves your HD display in the dust

Soon you'll only be able to blame your terrible aim for missing that clutch headshot.

Daily Mirror

Mortgages to soar by £700 a year if Bank of England hikes interest rates this week

The average cost of paying a mortgage could go up to £14,000 a year if the Bank of England makes the decision to hike base rate this Thursday to offset the creeping cost of inflation

The Guardian - UK

Bank of England poised to raise interest rates as high inflation takes toll

City economists expect increase from 0.25% to 0.5% on Thursday amid cost of living crisis

Evening Standard

UK interest rate set to hit 1% by summer, City predicts

The City is bracing for a run of interest rate rises around the world, starting next week with the Bank of England. The UK interest rate is set for its first back-to-back increase since 2004

The Guardian - UK

Hopes shattered as banks fail to pass on interest rate rise

The Bank of England upped the base rate to 0.25% in December, but since then only a handful of savers have felt the benefit

The Guardian - UK

Minouche Shafik: ‘The idea that you are successful because you are hardworking is pernicious’

The LSE’s director and former Bank of England economist is outspoken over the need for a reset of the wider capitalist system

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