The Latest Breaking News from The Bank of England

Latest 0.25 point hike marks 12th rise in a row as Bank battles stubbornly high inflation

The Bank of England has hiked the interest rate to 4.5%

Experts have warned the rise will affect the property market, with lenders already raising their rates

BoE governor Andrew Bailey predicts inflation will have halved by the end of this year, thanks to falling energy bills

The Bank of England is set to raise interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets expect the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point…

It would be the 12th consecutive time policymakers at the Bank of England have raised rates

It will be the 12th consecutive increase in the cost of borrowing - including mortgages

Poll of City analysts shows unanimous expectation of Bank of England raising interest rates to 4.5%

Leading thinktank sounds alarm over cost of living crisis with poorest £4,000 worse off in 2023 than before Covid pandemic

Economists are concerned that the Base Rate could rise to the same levels it was at during the 2008 financial crisis

Another increase to interest rates is likely this week – but there is hope on the horizon for struggling households