The Latest Breaking News from Interest Rates

What the papers say – June 23

The missing submersible implosion and rise in interest rates featured across the papers in the UK.

The Independent UK · Jun 22, 2023

Pensioner says young people should 'stop whinging' about rising cost of mortgage

Brian says when it happened in the 1970s he and his wife just worked harder to cover the bills

Wales Online · Jun 22, 2023

'My mortgage is going up - I'm considering selling as it's already hiked by 55%'

Following Bank of England's decision to hike interest rates to five per cent, single mum Abigail Tunstall has shared the struggle it will cause her and millions of others across the UK

Daily Mirror · Jun 22, 2023

Hiking interest rates isn’t working. That leaves us all poorer – and Rishi Sunak carrying the can

Britain is facing a new economic era that will hurt those already struggling, and could radicalise even the previously comfortable, says Guardian columnist Gaby Hinsliff

The Guardian - UK · Jun 22, 2023

Bank of England delivers big rate hike

LONDON: The Bank of England (BoE) rattled markets by raising interest rates by half a percentage point — twice the amount expected — on Thursday, after it said there had been “significant” news suggesting British inflation would take longer to fall.

Bangkok Post · Jun 22, 2023

Martin Lewis 'desperate' warning as mortgage rates climb to 9%

The Money Saving Expert founder said hiking up interest rates causes "huge pain" to mortgage holders

Liverpool Echo · Jun 22, 2023

Turkish central bank raises interest rates to 15% after two-year freeze

Experts say increase from 8.5% may be insufficient to tackle surging inflation some estimate to be 110%

The Guardian - UK · Jun 22, 2023

Mortgage brokers explain your options in 'really gloomy' interest rate climate with deals vanishing in 30 minutes

'You'd spend more time choosing a holiday than you would at the moment trying to decide if this deal is best for you'

Wales Online · Jun 22, 2023

Mortgage crisis set to escalate as Bank of England hikes interest rates to 5%

More than 1.4 million mortgage holders could lose at least a fifth of their disposable income in additional repayments.

Daily Record · Jun 22, 2023

Therapy or paying the bills: Choices facing desperate homeowners amid mortgage time bomb

As the Bank of England raises interest rates for the 13th consecutive time, households across the UK are sitting on top of a mortgage ticking time bomb

The Independent UK · Jun 22, 2023