The Latest Breaking News from Bank of England

Bank of England base rate increase of 0.5 per cent means first-time buyers and existing homeowners face steep rise in mortgage repayments

The UK will enter five consecutive quarters of recession with gross domestic product falling as much as 2.1%, the Bank said

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

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

Chancellor Nadhim Zahawi said to be on holiday as Bank of England adds to dire economic outlook

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…

Interest rates are already at their highest level in 13 years

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

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