The Latest Breaking News from Interest Rates

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 · Aug 4, 2022

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 · Aug 4, 2022

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 · Aug 4, 2022

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

Birmingham Post · Aug 4, 2022

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 Record · Aug 4, 2022

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 · Aug 4, 2022

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

Daily Mirror · Aug 4, 2022

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 Guardian - UK · Aug 4, 2022

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 Conversation · Aug 4, 2022

How do interest rates affect inflation?

Interest rates are already at their highest level in 13 years

The Independent UK · Aug 4, 2022