The Latest Breaking News from Bank of England

The Bank of England has increased its benchmark interest rate to 4.5% – the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008.

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.05%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.21%. U.S. stock index futures this morning are mixed. A decline in bond yields is positive for stocks after U.S. weekly initial unemployment claims rose more...

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%

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

UK GDP fell by 0.3% in March, but that wasn’t enough to prevent the economy from growing over the quarter, the Office for National Statistics revealed today.

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

Banks now offering customers 14-year high interest of nearly 5 per cent on their savings

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