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The Latest Breaking News from Bank of England

Interest rates raised to 1.25% as Bank of England responds to cost of living crisis- what will it mean for business?

Business leaders warn SMEs could be hit hard by rates rise

Birmingham Post

Mortgages: Bank of England raises interest rates to 1.25% — here’s what it means for your mortgage

Interest rates have risen again, meaning millions could be set for higher mortgage costs. How much will your monthly payments increase?

Evening Standard

Interest rates rise to 1.25% as Bank of England battles rising inflation

The rise is the fifth consecutive hike by the Bank’s monetary policy committee

The Independent UK

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read the most diverse news in one place.

Michael Gove warns ‘tough times’ ahead as cost of living crisis worsens

Minister issues warning as Bank of England projects inflation to peak this year at just over 11 per cent

Evening Standard

Bank of England raises interest rates to 1.25%

Bank warns of inflation rising to 11% after split vote to lift rate, for fifth time in a row, by 0.25 points

The Guardian - UK

Winners and losers of Bank of England interest rate hike - from homeowners to savers

The Bank of England has hiked its base rate has risen from 1% to 1.25% - a new 13-year high - as part of plans to cool soaring inflation, which currently stands at 9%

Daily Mirror

Interest rates hit 1.25% in 13-year high - what it means for you and your money

The Bank of England is putting up base rate to try to bring down record inflation levels, but the decision means some households will be left with higher bills amid a cost of living crisis

Daily Mirror

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Interest rates 2022 – live: Bank of England reveals highest level since 2009

The Bank’s monetary policy committee came to the decision by majority vote

The Independent UK

Bank of England under pressure to aggressively raise rates

The Bank of England is under pressure to raise interest rates more aggressively amid concern that the quarter-percentage-point hike expected Thursday will do little to combat price increases that have pushed inflation to a 40-year high

The Independent UK

How do interest rates affect inflation?

Interest rates are already at their highest level in 13 years

The Independent UK

Why are central banks pushing to raise interest rates?

Banks are raising rates to bring down inflation but there is a risk to economic growth

The Guardian - UK

Bank of England poised to hike interest rates to 1.25% in battle against inflation

Base rate of interest currently stands at 1 per cent - its highest point in 13 years

The Independent UK

Bank of England says inflation will hit 11% after raising interest rates to 13-year high – as it happened

UK central bank has raised interest rates to 1.25%, warned inflation will exceed 11% in autumn, and cut growth forecast for this quarter

The Guardian - UK

FTSE 100 Live: Bank of England rates rise decision, ASOS warns on profits

The Bank of England today increased interest rates by 0.25% as policymakers continue efforts to tame inflation.

Evening Standard

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Evening Standard

Interest rates held: which type of mortgage will suit you now?

Five types of mortgage loan you should know about as the base rate of interest is cut to 4.75 per cent

France 24

US Fed hikes interest rate 0.75 points, biggest increase since 1994

The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling more large rate increases to come that would raise the risk of another recession.

Daily Mirror

Join us LIVE as we explain what the Bank of England interest rate decision means for you

Mirror money experts Sam Barker and Graham Hiscott will be live on the Daily Mirror Facebook page from 1pm on Thursday to discuss how the latest Bank of England base rate decision affects you

Evening Standard

Bank of England poised for interest rate rise as it fights inflation

Decision on Thursday at 12pm

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The Independent UK

Biggest rate hike in years expected as Fed tackles inflation

The Federal Reserve is expected to announce its largest interest rate hike since 1994 — a bigger increase than it had previously signaled and a sign that the central bank is struggling to restrain stubbornly high inflation

The Independent UK

Simple mortgage trick that could save homeowners thousands of pounds in payments

Experts urge homeowners to make the vital changes as interest rates increase

Daily Mirror

Homeowners could save up to £3,000 by remortgaging early - but you'll have to be quick

Homeowners are soon facing the prospect of paying 3% for even the cheapest mortgage deals, but you may be able to beat rising rates by setting up a new deal six months early

The Independent UK

Cost of living crisis 2022: How to cope with the rise in prices

Millions of Britons are struggling as the price of everything soars amid rising energy prices and inflation. Kate Ng turns to financial experts for advice on how to deal with it all

Evening Standard

FTSE 100 Live: Markets bet on big US rates rise, Bank of England meets

Financial markets are on standby for the US Federal Reserve to increase interest rates by 0.75%, the biggest move since 1994.

Evening Standard

Pounded: Sterling slumps to two-year low on interest rate talk

US Fed to move rates up sharply tomorrow, markets bet

Evening Standard

Buckle up for a bumpy landing with BoE’s pilots

The economy looks to be descending and may even be close to stalling speed

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