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The Latest Breaking News from Bank

Cost of your mortgage is set to be increased again today

The Bank of England is widely expected to raise interest rates again

Wales Online

UK interest rate rise predicted as cost of living crisis deepens

Bank of England to vote on potential rate change while inflation soars to 30-year high

The Guardian - UK

Bank of England preview: MPC poised to put up borrowing costs

The City expects four rate increases this year

Evening Standard

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Bank expected to raise rates to 0.5% in first back-to-back hike since 2004

The Bank of England has already raised rates from 0.1% to 0.25% in December to rein in rampant inflation.

The Independent UK

Inflation fears prompt consumers to run down savings, says Bank

Savings built up during pandemic fall by two-thirds and consumer credit rises by £800m over year

The Guardian - UK

Mortgages to soar by £700 a year if Bank of England hikes interest rates this week

The average cost of paying a mortgage could go up to £14,000 a year if the Bank of England makes the decision to hike base rate this Thursday to offset the creeping cost of inflation

Daily Mirror

Bank of England poised to raise interest rates as high inflation takes toll

City economists expect increase from 0.25% to 0.5% on Thursday amid cost of living crisis

The Guardian - UK

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UK interest rate set to hit 1% by summer, City predicts

The City is bracing for a run of interest rate rises around the world, starting next week with the Bank of England. The UK interest rate is set for its first back-to-back increase since 2004

Evening Standard

Hopes shattered as banks fail to pass on interest rate rise

The Bank of England upped the base rate to 0.25% in December, but since then only a handful of savers have felt the benefit

The Guardian - UK

Rs 1,000 crore World Bank loan to expand West Bengal’s social schemes

KOLKATA: The World Bank has approved a $125-million loan (around Rs 1,000 crore) to Bengal to expand coverage of around 400 state-run social schemes, especially direct cash transfers targeted at the vulnerable sections, over the next four years.

The Times of India

Minouche Shafik: ‘The idea that you are successful because you are hardworking is pernicious’

The LSE’s director and former Bank of England economist is outspoken over the need for a reset of the wider capitalist system

The Guardian - UK

Bank should ‘lean against’ longer-term inflation, MPC member says

The Monetary Policy Committee will meet early next month to decide on interest rates.

The Independent UK

The U.S. Export-Import Bank Is a Cesspool of Crony Capitalism. Biden Wants To Expand It.

Boeing may love an additional handout, but such subsidies will be a net negative for the country's economy as a whole.

Reason

Bank boss warns inflation pressures may stay until the end of 2023

The Bank of England said there are worries that energy prices may stay high for longer, while wage rises in the UK could become broad-based.

The Independent UK

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Nottingham Post

Message to shoppers as UK inflation hits near-30 year high and food prices surge

The Bank of England has forecast inflation to hit 6% in April

Evening Standard

How the Bank of England missed the inflation curve

City Comment: Bank needs to get the next bit right

The Guardian - UK

UK inflation rises to highest level in almost 30 years at 5.4%

Cost of living crisis worsens, piling pressure on Bank of England to raise interest rates again

The Guardian - UK

UK inflation jumps to 30-year high of 5.4% as cost of living crisis deepens – as it happened

Food prices, furniture, clothes and housing costs rise; unions urge government to tackle cost of living crisis as pressure builds for February rate hike

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news in one place.

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The Independent UK

Pay rises failing to keep up with the cost of living, ONS figures show

Pressure is mounting on the government and the Bank of England to help ease the cost-of-living crisis

Evening Standard

Interest rates to double next month, City warns as pay falls behind inflation

Economists now expect the Bank of England to raise the interest rate from 0.25% to 0.5% at its next MPC meeting

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