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The Latest Breaking News from Bank of England

Interest rate jump ‘will add nearly £600 per year on average to some mortgages’

Thursday’s Bank of England base rate hike could add to the struggles of first-time buyers, among others.

The Independent UK

Stock Market Today: Stocks Extend Slide As Hawkish Fed Hike Echoes Through Global Markets

Stocks ended lower Thursday amid a hawkish Fed, Bank of Japan intervention and rate hikes from central banks around the world.

The Street

Interest rate hike points to the Bank keeping its foot firmly on the brake

The half-point rise wasn’t the limit of the measures announced by a central bank accused – until now – of acting too slowly on inflation

The Guardian - UK

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Borrowers rush to get new fixed term mortgage deals as rates jump again

Worried homeowners are ripping up fixed rate mortgage deals to lock in again ahead of further huge rises in borrowing costs, brokers said today.

Evening Standard

UK in recession as Bank of England hikes interest rates to highest since 2008

Interest rates have risen to 2.25% from 1.75% – the highest level since November 2008

Insider UK

Bank of England announces highest interest rate since 2008 - with country already in recession

The bank hopes to bring inflation under control with interest rate changes

Manchester Evening News

Bank of England hikes rate again as UK enters recession

London (AFP) - The Bank of England hiked its interest rate again on Thursday to combat soaring inflation as it warned that the UK's economy had already slipped into recession.

AFP

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Interest rates soar to highest level in 14 years as country already 'in recession'

BREAKING: Mortgage payments will rise as the Bank of England tries to cool an over-heating economy.

Daily Record

UK economy likely already in recession as Bank hikes interest rates to 14-year-high

THE UK economy is likely to be in recession after the Bank of England announced it expects GDP to fall over the next quarter and that it would hike…

The National (Scotland)

Interest rates rise: latest hike to 2.25 per cent will see £1,500 added to London first-time buyer mortgage payments

The Bank of England’s base rate increase of 0.5 per cent is the seventh consecutive rise unveiled by the Monetary Policy Commitee (MPC)

Evening Standard

Bank of England raises interest rates to 2.25% - the highest level since the financial crisis

Monetary Policy Committee moves to tackle inflation

Birmingham Post

Interest rates surge to 2.25% as UK 'already in recession'

Mortgage payments will go up along with some loan and credit card debts

Wales Online

Interest rates rise by 0.5% as Bank of England says UK ‘already in recession’ OLD REDIRECTED

The UK interest rate is now the highest level since 2008

The Independent UK

Interest rates surge to 2.25% hitting 14-year high - what it means for your cash

The Bank of England has today confirmed it is hiking interest rates from 1.75% to 2.25% in what is the highest rate since 2008. We explain how it affects your mortgage, credit card debt and savings

Daily Mirror

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The Guardian - UK

UK in recession, says Bank of England as it raises interest rates to 2.25%

In a three-way split decision, MPC signals inflation risks outweigh short-term threat of recession

The Independent UK

Homeowners ‘could save thousands of pounds’ by switching mortgage

With further rate rises expected, switching could save some people thousands of pounds over a relatively short period of time, according to research

Evening Standard

Bank of England hikes interest rate by 0.5%

The latest hike lifts the Bank’s key benchmark rate from 1.75% to 2.25%, the highest it has been since December 2008

AFP

Norway, Swiss central banks hike rates to tame inflation

Zurich (AFP) - The Swiss and Norwegian central banks announced hefty interest rate hikes on Thursday as global monetary policymakers ramp up the battle against runaway inflation.

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The Street

Stocks Bounce, Yen Intervention, Bitcoin, Lennar, Costco Earnings - 5 Things To Know

Stock futures bounce in wake of hawkish Fed; Japan supports yen in first currency intervention since 1998; JPMorgan CEO calls bitcoin 'decentralized Ponzi scheme'; Lennar shares gain as home prices boost bottom line and Costco earnings in focus as shoppers seek inflation relief.

The Independent UK

Bank of England poised for another big interest rate hike

Britain’s central bank is under pressure make another big interest rate hike Thursday

The Independent UK

UK interest rate rise: Biggest hike in 14 years ‘to add £600 to some mortgages’

New interest base rate announced amid ongoing cost of living crisis

Evening Standard

FTSE 100 Live: Interest rates up by 0.50% to 2.25% as Bank of England fights inflation

Interest rates are up by 0.50% today as Bank of England policymakers continue their fight against inflation, but without adopting a larger 0.75% increase.

The Guardian - UK

Bank of England says UK in recession as it raises interest rates to 14-year high of 2.25% – business live

UK central bank predicts economy shrank for second quarter in a row, after shops closed and many stayed at home for Queen Elizabeth II’s state funeral

Wales Online

Mortgage, loan and credit card bills to go up by hundreds of pounds today

Experts are expecting the single biggest leap in rates for 30 years

Wales Online

Bank of England set for bumper interest rate hike

The interest rate is set to soar to the highest level since the financial crisis of 2008

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