The Latest Breaking News from Bank of England

Treasury committee holds hearing on the sudden collapse of Silicon Valley Bank this month

The Bank of England raised its main interest rate for the eleventh time in a row to 4.25% at its March meeting. At its previous meeting in February the Bank was optimistic about the prospects for inflation in the coming year, saying: “We expect inflation to fall quickly this year.”

Andrew Bailey says interest rates will have to rise again unless inflation falls

Governor states optimistic outlook that the UK can avoid a recession, after being on a 'knife edge' last month

Stock markets and oil fall amid fears over Germany’s biggest bank

His comments come after interest rates were lifted to 4.25% from 4%.

Friday’s front pages feature a range of topics.

The Bank of England raised interest rates by 25 basis points to 4.25% as the Pound edges higher and the UK Stock hold steady 

Tens of thousands of borrowers will face repayments hundreds of pounds higher a year