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The Latest Breaking News from Bank of England

Rising inflation will continue to cause political headaches for the government, but also for the Bank of England

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.”

The Conversation

Myopia in the Bank of England over companies’ profiteering

Letter: Research showing that most price increases came from ‘companies seeking to maintain profit margins’ has not been noticed by the Bank, writes Bernie Evans

The Guardian - UK

So things are getting better – but it’s no thanks to the Bank of England

Governor Andrew Bailey has had to accept that the economy is resilient, but he’ll still find reasons to keep interest rates high

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Greedflation: are large firms using crises as cover to push up their profits?

Critics of corporate behaviour over the pandemic and Ukraine war say company profit and loss accounts tell their own story

The Guardian - UK

Bank of England chief warns firms hiking prices could lead to higher interest rates

His comments follow a surprise increase in inflation earlier this week and the Bank of England's decision to raise interest rates - the 11th rise in a row - from 4% to 4.25%.

Daily Mirror

Bank of England boss urges firms to hold back price rises or risk higher rates

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

The Guardian - UK

Interest rates will rise again if businesses raise prices – Bank of England boss

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

Insider UK

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Deutsche Bank shares tumble as fresh banking sell-off grips Europe and US – as it happened

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

The Guardian - UK

Interest rates will rise again if businesses hike prices, Bank of England boss warns

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

Evening Standard

What the papers say – March 24

Friday’s front pages feature a range of topics.

The Independent UK

Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady

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

Zenger

The Bank of England has just raised interest rates. What does that mean for your mortgage?

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

The Independent UK

Bank of England raises interest rates to 4.25%

The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.

Al Jazeera

Stocks Rebound as Bank Stocks Stabilize

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.08%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.78%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.87%. U.S. stock indexes this morning are moderately higher as...

Barchart

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The Conversation

Why mortgage rates will not return to recent lows any time soon

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring prices for other items such as food and…

Wales Online

Interest rate rise another 'body blow' to household finances, says debt charity

Mortgage borrowers on deals which track the base rate will now see nearly £24 per month added to their costs on average

The National (Scotland)

Mortgage payers 'hammered' as Bank of England hikes interest rates

INTEREST rates have been pushed up for the eleventh time in a row to 4.25 per cent, the highest rate for 14 years.

The Independent UK

‘Latest body blow to household finances’ as Bank of England base rate raised

Thursday’s base rate increase will add around £23.71 per month or more than £284 per year to the average tracker mortgage, industry figures show.

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The Guardian - UK

Is this the end of UK interest rate rises or are there more to come?

The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling

The Money Edit

Interest rates rise to 4.25% - what does it mean for your money?

The Bank of England has increased the base rate for the 11th time in a row. We look at whether rates could rise further this year, and what the latest hike means for your mortgage and savings

Manchester Evening News

What the Bank of England's rise in interest rate means for you and your money

The UK's interest rate has been risen up for the 11 consecutive time in a bid to drive down inflation

The Independent UK

Why are interest rates going up – and how does raising them help inflation?

The Bank of England has hiked the interest rate to 4.25%

The Guardian - UK

Bank of England raises UK interest rates by quarter-point to 4.25%

Monetary policy committee votes to increase base rate after February’s surprise rise in inflation

Evening Standard

Interest rates ‘set to be hiked’ by Bank of England on Thursday in fresh blow to homeowners

The Bank of England was expected to hike interest rates for the 11th time in a row on Thursday after a shock resurgence in UK inflation.

The Independent UK

Interest rates – live: Mortgage holders under ‘storm clouds’ after Bank’s latest hike

Bank hits mortgage holders with extra 0.25 percentage point rise

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