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The Latest Breaking News from Bank of England

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

Wales Online

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

The Independent UK

UK faces long recession and deepest plunge in living standards on record, Bank of England warns

Country to enter recession this year and economy on course to shrink for five straight quarters

The Independent UK

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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

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

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

Daily Mirror

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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

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

How do interest rates affect inflation?

Interest rates are already at their highest level in 13 years

The Independent UK

FTSE 100 Live: Bank of England hikes interest rates to 1.75%, warns of recession

An interest rate hike of 0.5% is confirmed as the Bank of England takes its biggest step yet in the fight against inflation.

Evening Standard

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

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

The Independent UK

Rishi Sunak attacks Liz Truss' tax cut plans ahead of debate

The Tory leadership hopefuls are set to battle it out in a live TV debate on Thursday

Liverpool Echo

As Bank of England interest rates hit new high, how do interest rates affect inflation?

The interest rate set by the Bank of England affects mortgages, loans, and savings.

Evening Standard

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The Independent UK

Liz Truss threatens to interfere with Bank of England mandate after policy disagreement

Tory leadership frontrunner has taken issue with Bank policy on interest rates

Daily Mirror

Join us LIVE as we explain what biggest interest rate rise in 27 years means for you

The Bank of England is expected to hike interest rates again this afternoon - from 1.25% to 1.75% - in what would be the biggest rate rise announced by the central bank in almost 30 years

The Independent UK

Bank of England likely to raise interest rates — maybe a lot

The Bank of England is likely to announce its biggest interest rate increase in more than 27 years as it seeks to rein in accelerating inflation driven by the fallout from Russia’s invasion of Ukraine

The Guardian - UK

Bank of England hikes interest rates and warns UK to enter recession with inflation to pass 13% – as it happened

Interest rates rise to 1.75% – the biggest jump in 27 years – as BoE warns UK faces long recession as high gas prices hit households

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The Independent UK

Interest rates – live: Bank of England confirms rise to 1.75% as inflation to hit 13%

UK to enter ‘deep and protracted’ recession, Bank warns

Wales Online

Very bad news for anyone with a mortgage, credit card or loan due at 12pm today

It could be the biggest change in 30 years, piling on bills for millions of people

The Guardian - UK

Sunak, Truss and the Bank of England are lying to you – the UK economy is weak and rigged

Westminster is perpetrating the same scam as the rate-setters – bluffing that they can get the old economic machinery working like before, says Guardian columnist Aditya Chakrabortty

The Guardian - UK

Is Bank of England about to break precedent on interest rates?

Markets expect 0.5 percentage-point rise for first time since independence as inflation rises

Daily Record

Whoever enters Downing Street needs a plan to help ordinary people as interest rates expected to soar

Record View says people in Scotland are having to cope with sky-high inflation and exorbitant energy bills that could rise to £500 a month.

Daily Mirror

Brits set for biggest interest rates hike in 27 years as inflation 'could hit 15%'

The Bank of England is set to raise interest rates up to 1.75%, say analysts, which would be the highest level in 27 years as the country tackles massive inflation

Wales Online

Rising interest rates a worry for two-thirds of people

Bank of England expected to announce large hike on Thursday

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