The Latest Breaking News from Bank of England

The decision was taken to help keep inflation under control.

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

As the base rate reaches 4%, we hear from people concerned about rising mortgage costs

Energy giants are reaping the benefits of high energy prices. Shell followed ExxonMobil in doubling its annual profit for 2022 to nearly $40 billion, the highest in its 115-year history. It's sparked outrage among climate activists and those calling for higher taxes as households struggle with high energy bills. Also…

The Bank of England hiked rates to 4% on Thursday

The International Monetary Fund (IMF) has produced another dismal forecast for the UK economy. The IMF expects it to contract by 0.6% in 2023, whereas all other major economies are expected to grow – including sanctions-hit Russia. Meanwhile the Bank of England expects the UK economy will be no larger…

Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandary

Lord King of Lothbury stresses the need to be selective and ‘not driven by a misplaced enthusiasm for all things crypto’.

The Bank of England has now raised interest rates to 4 percent - the highest rate in 14 years

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%