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The Latest Breaking News from Interest Rates

Interest rates rise to 1.75%, with UK set to enter recession this year

Bank of England hikes rates to their highest level since January 2009

Insider UK

Finance expert explains how to avoid a credit card rate rise as recession looms

Interest rates have risen to their highest level since 2008

The National (Scotland)

Interest rates: What will the Bank of England increase mean for mortgages and house prices?

The two million people with variable rate mortgages are particularly vulnerable to the rise in interest rates, while first-time buyers are expected to find it more of a struggle to get on the property ladder

The Independent UK

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Bank of England raises interest rates to 1.75% amid recession warning

The Bank of England raised interest rates by half a percentage point on Thursday in the biggest increase in the cost of borrowing for 27 years.It is the sixth consecutive hike from the Bank’s Monetary Policy Committee (MPC) since December and lifts its key lending rate from 1.25 per cent…

Evening Standard

'Final straw' warning for struggling hospitality sector as recession threat looms

SOARING interest rates could be the “final straw” for struggling hospitality businesses, industry leaders have warned as the UK economy faces a…

The National (Scotland)

Inflation rates are rising in the US – an economist explains why

Consumer prices in the U.S. are rising due to inflation at the fastest rate they have in decades. Earlier this summer, SciLine interviewed Martha Olney, a teaching professor emerita of economics at the University of California, Berkeley, about what’s causing prices to rise and what the government can do to…

The Conversation

The UK is facing the worst recession since the financial crisis, warns the Bank of England

UK faces a bleak year as living standards plunge and inflation is set to hit 13% and the UK faces the longest economic downturn since the 2008 financial crisis

Wales Online

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As recession looms, the Bank of England’s independence is under threat

Analysis: The monetary policy committee has been accused of being asleep at the wheel amid cost of living crisis

The Guardian - UK

What does the Bank of England interest rate rise mean for you?

From first-time home buyers to credit card users, we look at how your finances may be affected

The Guardian - UK

Bank of England hikes rates as it predicts 13% inflation and long recession

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October

The Guardian - UK

Bank of England warns of long recession in 2023 as it hikes interest rates

Economists say bleak new GDP and inflation forecasts are a “horror show.”

Evening Standard

Bank of England raises interest rates to 1.75 per cent - the biggest hike in 27 years

It comes after experts warned that inflation could peak at 15 per cent

Manchester Evening News

UK interest rates rise in biggest increase for 27 years - how it will affect you and your mortgage

Interest rates are now at the highest level in 27 years

Manchester Evening News

UK economy to fall into recession, predicts Bank of England as interest rates hiked

THE Bank of England has made its biggest increase in UK interest rates in 27 years while inflation is expected to peak at 13.3 per cent in October.

The National (Scotland)

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Daily Mirror

Why are interest rates rising and when will they fall again?

The Bank of England has put up interest rates as it looks to grapple soaring inflation by making it more expensive to borrow and more rewarding to save money

Wales Online

Interest rates up to 1.75%, with inflation forecast to hit 13.3%

The UK will enter five consecutive quarters of recession with gross domestic product falling as much as 2.1%, the Bank said

The Independent UK

Bank of England raises interest rates to 1.75% - the highest level in 13 years

Interest rate rise is ‘further proof Conservatives have lost control of the economy’ Labour says

Birmingham Post

Bank of England lifts interest rates to 1.75% and warns UK set to enter recession this year

Poll earlier had revealed almost two thirds of the public worried by rising rates

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news in one place.

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Daily Record

Interest rates rise to highest level since 2009 - here is what it means for you

In a gloomy economic outlook for the UK, the Bank of England predicted inflation would continue to rise with the economy heading for a full recession.

Daily Mirror

Winners and losers as interest rates hit 14-year high - from homeowners to savers

The Bank of England (BoE) this afternoon confirmed its base rate will rise from 1.75% to 2.25% - its highest level in 14 years and the seventh time in a row the central bank has upped its rate

Daily Mirror

Interest rates hit 1.75% in biggest rise for 27 years - what it means for you

The Bank of England has today confirmed it is hiking interest rates from 1.25% to 1.75% - a rise of 0.5 percentage points and the biggest rise in 27 years from the central bank

The Guardian - UK

Rishi Sunak attacks Truss tax cut plan after big interest rate rise

Chancellor Nadhim Zahawi said to be on holiday as Bank of England adds to dire economic outlook

The Conversation

UK interest rate rise: what the Bank of England's historic hike means for your money

The Bank of England has raised its base rate by 0.5 percentage points, the largest single upward jump in 27 years. It takes the base rate to 1.75%, its highest level since 2008. This latest interest rate hike will affect personal finances and reflects the Bank’s efforts to control rampant…

The Independent UK

How do interest rates affect inflation?

Interest rates are already at their highest level in 13 years

The Independent UK

Interest rates: When is the Bank of England’s announcement today?

Monetary Policy Committee likely to take further measures to rein in inflation

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