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The Latest Breaking News from The Bank of England

Economist tackles independence currency question and urges Scots to be 'grown up'

ON THE first day of Scotland’s first economics festival, one economist urged Scots to support the adoption of a new currency and face being “a…

The National (Scotland)

Bank of England chief warns firms hiking prices could lead to higher interest rates

His comments follow a surprise increase in inflation earlier this week and the Bank of England's decision to raise interest rates - the 11th rise in a row - from 4% to 4.25%.

Daily Mirror

Bank of England boss warns firms that raising prices will trigger higher interest rates

Bank governor Andrew Bailey speaks after increasing rates to highest level in 14 years

The Independent UK

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Deutsche Bank shares tumble as fresh banking sell-off grips Europe and US – as it happened

Stock markets and oil fall amid fears over Germany’s biggest bank

The Guardian - UK

The Apprentice 2023 winner announced after gripping all-female final

In the final episode of the 2023 series, Marnie and Rochelle were tasked with creating a new brand for their company, producing a digital billboard, directing and editing a television advert and designing a metaverse

Daily Mirror

Bank Of England Hikes Interest Rates To 4.25%: Pound Edges Higher, UK Stocks Hold Steady

The Bank of England raised interest rates by 25 basis points to 4.25% as the Pound edges higher and the UK Stock hold steady

Zenger

ASX closes lower after Afterpay owner Block sheds 18pc in Friday trade, Swiss National Bank says Credit Suisse crisis 'put to a halt'

The ASX finished trading lower on Friday, with Afterpay owner Block Inc dropping 18 per cent in the wake of a scathing report by short-seller Hindenburg that alleged the company "misled" investors. Look back at the day's market's and business news as it happened.

ABC News

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Bank of England raises interest rates to 4.25%

The UK’s central bank announces 11th consecutive interest rate increase as it focuses on fighting inflation.

Al Jazeera

OPINION - Interest rate rises are a blunt tool – but we haven’t thought of anything better

I would ban all open letters. Don’t write one and never put your name to someone else’s. Open letters are petitions that went to Oxbridge and goad you into asking which college they attended. But there is one example I hold in particularly low regard: the exchange of letters between…

Evening Standard

Why mortgage rates will not return to recent lows any time soon

The Bank of England base rate has increased steeply from 0.25% in January 2022 to 4.25% in March 2023. More than 4 million UK households now have significantly higher mortgage costs as a result, while also dealing with the impact of soaring prices for other items such as food and…

The Conversation

Expert warns Bank of England interest rate rise will affect more than a million homeowners

It's the 11th consecutive time that interest rates have been increased - and it's bad news for the property market

Manchester Evening News

Is this the end of UK interest rate rises or are there more to come?

The Bank of England’s move risks squeezing the economy just as inflation is expected to start falling

The Guardian - UK

Interest rates rise to 4.25% - what does it mean for your money?

The Bank of England has increased the base rate for the 11th time in a row. We look at whether rates could rise further this year, and what the latest hike means for your mortgage and savings

The Money Edit

What the Bank of England's rise in interest rate means for you and your money

The UK's interest rate has been risen up for the 11 consecutive time in a bid to drive down inflation

Manchester Evening News

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Insider UK

Bank raises interest rates again, alongside upgraded economic forecast

The UK economy is expected to grow slightly between April and June, revising a previously forecasted drop

The Independent UK

Why are interest rates going up – and how does raising them help inflation?

The Bank of England has hiked the interest rate to 4.25%

The Guardian - UK

UK interest rate rise: what it means for you

How the new base rate of 4.25% might affect mortgages, house prices and credit cards

Wales Online

What today’s rise in interest rates means for your money and when they might go down

It is the 11th consecutive increase in the base rate, and the highest since 2008

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news in one place.

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The Independent UK

Bank of England hikes interest rates for 11th time running after leap in inflation

The Bank’s Monetary Policy Committee (MPC) decided to increase interest rates to 4.25% from 4%

The Guardian - UK

Bank of England raises UK interest rates by quarter-point to 4.25%

Monetary policy committee votes to increase base rate after February’s surprise rise in inflation

Daily Mirror

Interest rates hiked to 4.25% in more misery for borrowers - what it means for your money

The latest interest rates decision was decided today by the Monetary Policy Committee (MPC) and comes off the back of inflation unexpectedly jumping to 10.4%

Evening Standard

London’s income tax bombshell hits a record £51.6 billion

Kensington now pays more income tax than the whole of Northern Ireland

Bangkok Post

After Fed, European central banks hike rates

LONDON: The Bank of England joined Norway and Switzerland in hiking interest rates on Thursday to tackle stubbornly-high inflation, though banking-sector turmoil could soon lead to a pause in US tightening as hinted by the Federal Reserve.

The Independent UK

UK central bank may hike rates after big jump in food prices

A shortage of fresh vegetables last month may force the Bank of England to approve an 11th consecutive interest rate increase Thursday

Evening Standard

Interest rates ‘set to be hiked’ by Bank of England on Thursday in fresh blow to homeowners

The Bank of England was expected to hike interest rates for the 11th time in a row on Thursday after a shock resurgence in UK inflation.

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