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The Latest Breaking News from The Bank of England

Why is inflation still high and what does it mean for me?

The rate of inflation stayed flat at 8.7% in May, despite hopes from economists that it would fall and provide some relief for households.

The Independent UK

Interest rate hikes could see 1.4million Brits lose 20% of disposable income

The Bank of England is expected to raise the base rate - which influences interest rates lenders charge for mortgages, loans and other types of credit - again tomorrow in an effort to curb inflation

Daily Mirror

Bank of England interest rate announcement this week - what could happen as inflation fails to fall

The Bank is under fresh pressure following new inflation figures this week

Manchester Evening News

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London house market faces ‘slowdown’ as Bank of England risks overdoing rate rises says Berkeley boss

Rob Perrins, one of the longest-serving CEOs on the FTSE 100, does not expect house prices to fall

Evening Standard

Bank of England could spring interest rate ‘jumbo hike’ today amid wage-price spiral fears

With inflation stuck at 8.7%, economists said a jump straight to 5% interest rates might be needed

Evening Standard

How much your mortgage will rise by if Bank of England hikes interest rates today

Some analysts expect the base rate to rise by 0.25 percentage points to 4.75% with others predicting an even bigger increase to 5% - so how much would your mortgage rise by?

Daily Mirror

Inflation for May remains high at 8.7% putting more pressure on household finances this summer

Economy experts had expected inflation to fall last month to 8.4%.

Daily Record

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UK borrowers brace for more expensive loans as inflation fails to fall as anticipated

Official figures show that consumer price inflation across the U.K. is unchanged at 8.7% in the year to May against expectations for a modest decline, a development that is likely to see the Bank of England raise the cost of borrowing again

The Independent UK

Rise in mortgage rates on Thursday looks inescapable, say experts

Further monetary tightening risks deepening the financial pain for people and businesses, according to some commentators.

The Independent UK

Inflation remains unchanged and at 'historically high level' as new figures released

The Office for National Statistics said Consumer Prices Index inflation (CPI) remained at 8.7 per cent in May

Manchester Evening News

Inflation unchanged in May, heaping further pressure on households

he pressure on households from the rising cost of living did not ease last month, new figures have revealed, as inflation remained higher than…

The National (Scotland)

Inflation news – live: Fears of ‘shock-and-awe’ Bank of England hike as mortgage rates climb

Markets brace for Bank of England rate hike of 0.5 per cent, as cost of government borrowing also hits new 15-year high

The Independent UK

Bank poised to hike interest rates as inflation remains unchanged at 8.7%

OONS figures show stabilising energy prices were offset by rises in cost of air fares, holidays and secondhand cars

The Guardian - UK

Wednesday briefing: How to solve the UK’s mortgage mess, as interest rates rise again

In today’s newsletter: Rising inflation and interest rates mean real pain for homeowners – with few signs of relief on the way

The Guardian - UK

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Wales Online

Inflation stagnates at 8.7 per cent as figure is unchanged in latest update

It had been expected to fall slightly

The Independent UK

Inflation remains frozen on 8.7 per cent ahead of Bank decision on interest rates

ONS says freeze caused by rising prices for plane tickets, recreational and cultural goods and services and second-hand cars

Daily Mirror

UK inflation unchanged at 8.7% but prices still rising - what it means for your money

Experts had predicted inflation would fall to 8.4%, heaping pressure on the Bank of England when it announces its latest interest rates decision tomorrow (June 22)

Evening Standard

UK inflation stuck at 8.7% in another cost-of-living shock

The higher-than-expected figure likely means more interest rate rises

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The Guardian - UK

Bank of England must ‘create recession’ to fight high inflation, Hunt advisor says, as mortgage rates rise again – as it happened

Member of Jeremy Hunt’s economic advisory council says BoE must create “uncertainty and frailty”, after UK headline inflation was unchanged at 8.7% in May

The Guardian - UK

Tory MPs split on whether to intervene to help mortgage holders

Figures released on Wednesday expected to confirm UK stuck with highest inflation rate in G7

The Independent UK

Jeremy Hunt calls mortgage crisis summit as experts urge banks to help those struggling

Jeremy Hunt has summoned bosses from Britain’s leading banks to Downing Street to urge them to do more to support customers

Daily Mirror

Martin Lewis says mortgage timebomb has 'exploded' and says Tories were warned

Moneysavingexpert.com founder Martin Lewis said he warned Jeremy Hunt about the threat from rising mortgage rates at a summit in December

The National (Scotland)

Ian Murray vows Labour 'won't give Scotland another independence referendum'

SCOTTISH LABOUR MP Ian Murray has ruled out his party allowing the half of Scotland’s population that supports independence to “have their…

The National (Scotland)

Does raising interest rates help inflation and how does this affect mortgages?

THE average mortgage rate for a two-year fixed deal has risen to a figure that has not been seen since the market reeled from Liz Truss’s…

The Independent UK

Chancellor to meet lenders later this week over mortgage rates crunch

Jeremy Hunt told the House of Commons he would be asking what flexibilities might be possible.

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