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The Latest Breaking News from Bank

The definition of levelling down: the Bank of England calling for wage ‘restraint’

In the midst of a cost-of-living crisis, the Bank’s governor has betrayed a familiar disdain for those struggling to cope, says Guardian columnist Polly Toynbee

The Guardian - UK

Bank of England boss criticised for ‘sick joke’ asking workers not to demand pay rise

Downing Street also criticised the comments from the Bank of England governor

The Independent UK

City comment: Why should workers take a pay cut to help out the Bank of England?

What is Andrew Bailey playing at?

Evening Standard

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Bank of England boss criticised for asking workers not to demand pay rise

GMB union calls Andrew Bailey’s comments about pay restraint to help control inflation ‘sick joke’

The Guardian - UK

Things will only get start to get better in 2023 says bank boss in cost of living warning

Bank of England governor says in two years time, we should be in a more stable position when it comes to inflation

Wales Online

Cost-of-living squeeze to last for two years, warns Bank of England governor

Andrew Bailey warns of ‘difficult period ahead’ as people’s real wages continue to fall

The Independent UK

No 10 implicitly rebukes Bank of England chief over wage restraint call, amid unions anger – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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Inflation, exiting fossil fuels & navigating politics: The challenges facing the EBRD

For more than 30 years, the European Bank for Reconstruction and Development (EBRD) has been investing in countries in Central and Eastern Europe. It's since expanded into the Middle East, Central Asia and North Africa and has plans to move into Sub-Saharan Africa too. The EBRD's President Odile Renaud-Basso discussed…

France 24

What Bank of England interest rate rise means for you - from mortgages to savings

The hike in base rate means higher payments for homeowners and people with loans, but greater payouts for savers - though savings rates are still nowhere near beating super-high rates of inflation

Daily Mirror

Bank of England base rate rise: Bristol mortgage expert says 'buy ASAP'

"For anyone who must buy now, try to do so as soon as possible before rates go even higher"

Bristol Post

Blow for Boris Johnson as Bank of England slashes UK growth forecast

The Bank of England now expects GDP to grow by 3.75% this year, not 5%, putting at risk the Prime Minister’s claim that the UK is the fastest growing G7 economy

Evening Standard

Brits told to brace themselves for worst standard of living since records began

The income of all UK homes is being squeezed by rocketing energy bills and other household costs rising, and the worst is yet to come as power prices go up in April

Daily Mirror

THG, Boohoo and B&M: Shares in consumer giants hit as cost of living hikes confirmed

The energy price cap and interest rates are set to rise

Birmingham Post

Households face biggest blow to incomes in more than 30 years, Bank of England warns

2022 squeeze will be worse than after financial crisis of 2008 and will hit growth and household spending

The Independent UK

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Evening Standard

Bank of England warns inflation will hit 7.25% by April

The Bank of England has been forced to increase its forecast for peak inflation yet again, admitting price rises are likely to reach 7.25% in April.

The Independent UK

Bank hikes rates to 0.5% as households face worst income hit since at least 1990

The Monetary Policy Committee voted 5-4 to raise rates from 0.25% to 0.5% – marking the first back-to-back rise since 2004.

Evening Standard

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

Four rate setters wanted even higher rise in borrowing costs

The Independent UK

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

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news in one place.

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Evening Standard

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.

Wales Online

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

Financial markets are now pricing in four rises in 2022

Daily Mirror

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

The Guardian - UK

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

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

Evening Standard

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.

Birmingham Post

Bank of England expected to raise interest rates

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

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