The Latest Breaking News from Interest Rates

Soaring mortgage costs ‘affecting mental health of almost a third of people’

Mind’s survey of people across England and Wales came before Thursday’s news that the Bank of England had raised interest rates again.

The Independent UK · Aug 3, 2023

Sunak under pressure as Bank signals rates will stay high for months

Tory MPs call for targeted tax cuts as Labour criticises 14th interest rate hike as ‘mortgage bombshell’

The Guardian - UK · Aug 3, 2023

‘We’re just treading water’: UK small business owners on the latest rate rise

From fish and chips to flowers, entrepreneurs say higher interest rates and the cost of living crisis are taking their toll

The Guardian - UK · Aug 3, 2023

Interest rates rise to 5.25% for first time in 15 years

The Bank of England raised interest rates for the 14th time in a row today, by 0.25%. The Bank’s Monetary Policy Committee voted by a 6-3 majority in favour of the rate rise. 

The Week · Aug 3, 2023

More pain in store – tough-talking Bank raises UK interest rates and a few eyebrows

Rise to 5.25% comes as no surprise but Bank of England’s language will frighten many

The Guardian - UK · Aug 3, 2023

Bank of England says interest rates will remain high for at least two years

Policymakers vote for quarter-point rise to 5.25%, the 14th increase in a row, as Bank rules out prospect of recession

The Guardian - UK · Aug 3, 2023

Bank of England raises interest rates to new 15-year high of 5.25% in 14th consecutive hike

But the hike was smaller than the half-point ‘jumbo hike’ last month, signalling that Threadneedle Street is slowing down in its battle with inflation

Evening Standard · Aug 3, 2023

The Bank of England raises interest rates by 0.25 per cent to 15-year high

The Bank of England has raised UK interest rates to a fresh 15-year high - from 5 to 5.25.

The National (Scotland) · Aug 3, 2023

Bank of England hikes interest rates for 14th consecutive time despite inflation slowdown

Central bank raises interest rates to highest level since February 2008

The Independent UK · Aug 3, 2023

Bank of England accused of over-reacting after raising interest rates to 5.25% – as it happened

Protests take place outside the Bank as it increases rates again, although inflation is expected to drop to 5% by end of the year

The Guardian - UK · Aug 3, 2023