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The Latest Breaking News from Bank of England

Scots face mortgage payment hikes as interest rates rise again

The Scottish Greens have said that the interest rate increase will be "a devastating blow" to families across Scotland.

Daily Record

Bank of England hikes interest rate tenth time in row

London (AFP) - The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation.

AFP

UK heading for recession - but won't be as bad as expected, says Bank of England

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

Daily Mirror

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Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

The Guardian - UK

Recession will be shallower and shorter than predicted, says Bank of England

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

Evening Standard

Bank of England hikes interest rates to 4% but expects shallower recession

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%.

The Independent UK

Bank of England raises interest rates AGAIN - how it could affect you and your mortgage

Millions of homeowners across the country are likely to be concerned after yet another interest rate rise

Manchester Evening News

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Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised UK interest rates to their highest level for 14 years in a bid to battle soaring prices.

The National (Scotland)

Bank of England raises interest rates to 4%

Thousands of struggling London home owners were dealt another huge blow on Thursday when the Bank of England increased its interest rate by half a percentage point to a 15 year high of 4 per cent.

Evening Standard

Bank of England raises interest rates again in 10th consecutive hike

Central bank Monetary Policy Committee announces another 0.5 per cent increase to base rate

The Independent UK

Bank of England pushes interest rates up to 4%

Central bank says the UK is still headed for a recession, but it could be shallower and shorter than previously expected

Insider UK

Interest rates rise to 4% as Bank of England prepares for 'shallow' recession

Monetary Policy Committee says inflation may have peaked in the UK

Birmingham Post

Bank of England raises UK interest rates to 4%

Hike of 0.5 percentage points lifts rates to 14-year high, but BoE says shorter and shallower recession now more likely

The Guardian - UK

Interest rates hiked to 4% in 15-year high - what it means for your money

The base rate has today been increased from 3.5% to 4% and remains at its highest level since 2008 - but what exactly does it mean for your money? We explain what you need to know

Daily Mirror

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AFP

European stocks jump before rate decisions

London (AFP) - European stock markets rallied Thursday before interest rate decisions from the European Central Bank and Bank of England and following the US Federal Reserve's latest hike aimed at cooling sky-high inflation.

Daily Mirror

Join us LIVE as our experts explain what Bank of England interest rate move means for you

Mirror Money editor Levi Winchester will be joined by Bestinvest personal finance analyst Alice Haine to chat through everything you need to know about the Bank of England base rate announcement

The Independent UK

Interest rates - live: Bank of England predicts ‘shallow’ recession but warns ‘it’s not over yet’

Central bank confirms further 0.5 per cent hike, bringing base rare to 4 per cent

The Independent UK

Mapped: The areas hit hardest by mortgage hikes of up to £13,000 a year

Compare prices across the country as rates set to increase again

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The Guardian - UK

Bank of England says inflation likely to have peaked amid split over interest rate rise to 4% – as it happened

UK central bank predicts much shallower recession than feared, but says Brexit hit has arrived sooner than thought

Evening Standard

FTSE 100 Live: Interest rates hit 4%, Shell posts record profit

The improved stock market mood is under strain today after earnings updates by tech giants Apple, Google owner Alphabet and Amazon.

The Guardian - UK

Weaker economy, higher inflation: Bank of England’s dilemma

Differing experts have urged the Monetary Policy Committee to both cut interest rates and to raise them

The Independent UK

Interest rates - live: Bank of England hikes base rate for 10th time in row

Central bank confirms rise of 0.5%, bring base rate to 4%

The Independent UK

Interest rates set to rise again as Bank of England braces for ‘shallow’ recession

Decision on Thursday would be the 10th time in a row that policymakers have opted for an increase

Evening Standard

Virgin Money launches first sub-4% fixed rate home buying mortgage since October

Milestone deal comes on the eve of an expected rate rise from the Bank of England

The Independent UK

Average UK house price falls again in January

The averge house price dropped by 0.6 per cent in January, Nationwide Building Society says

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