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The Latest Breaking News from Bank of England

From savings to pensions - who is affected by interest rate rises?

The Bank of England hiked rates to 4% on Thursday

The Independent UK

UK to perform worst of major economies in 2023, says IMF – here’s how to achieve long-term growth

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…

The Conversation

Will the interest rate rise trigger a stampede for tracker mortgages?

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

The Guardian - UK

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Digital pound has ‘risks but no obvious benefits’, says ex-Bank of England chief

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

The Independent UK

Should you remortgage now or wait? Experts have their say after Bank of England's interest rate announcement

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

Manchester Evening News

Bank raises rates to 4% – recession to be shorter and shallower

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.

Evening Standard

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

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

The Independent UK

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Hit to UK economy from Brexit coming through faster than expected, Bank of England says

The Bank of England also said while the UK was heading for recession, it may be shorter and shallower than previously expected

Wales Online

Martin Lewis issues immediate warning to mortgage holders minutes after Bank of England news

The money-saving expert took to Twitter straight after the announcement

Manchester Evening News

What does the Bank of England interest rate rise mean for you?

From mortgages to credit cards, we break down the impact the 4% rise could have on your finances

The Guardian - UK

UK house prices: How interest rate rise will affect property market and mortgages

Bank of England’s tenth interest rates rise in row will impact homeowners and house buying hopefuls

The Independent UK

Interest rates go up again - what it means for your mortgage, debts and savings

The Bank of England raised interest rates on Thursday to try and lower inflation, which is being pushed up by higher energy, food and fuel prices - here are more details

Chronicle Live

Average monthly tracker mortgage payment jumps by nearly £50 following rate hike

The average tracker mortgage payment will increase by £48.99 per month, according to figures from UK Finance.

The Independent UK

Scots face mortgage payment hikes as interest rates rise again

The Scottish Greens have said that the interest rate increase will be "a devastating blow" to families across Scotland.

Daily Record

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Daily Mirror

UK heading for recession - but won't be as bad as expected, says Bank of England

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

The Guardian - UK

Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

Evening Standard

Recession will be shallower and shorter than predicted, says Bank of England

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

The Independent UK

Bank of England hikes interest rates to 4% but expects shallower recession

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%.

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Manchester Evening News

Bank of England raises interest rates AGAIN - how it could affect you and your mortgage

Millions of homeowners across the country are likely to be concerned after yet another interest rate rise

The National (Scotland)

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised UK interest rates to their highest level for 14 years in a bid to battle soaring prices.

Evening Standard

Bank of England raises interest rates to 4%

Thousands of struggling London home owners were dealt another huge blow on Thursday when the Bank of England increased its interest rate by half a percentage point to a 15 year high of 4 per cent.

The Independent UK

Bank of England raises interest rates again in 10th consecutive hike

Central bank Monetary Policy Committee announces another 0.5 per cent increase to base rate

Insider UK

Bank of England pushes interest rates up to 4%

Central bank says the UK is still headed for a recession, but it could be shallower and shorter than previously expected

Birmingham Post

Interest rates rise to 4% as Bank of England prepares for 'shallow' recession

Monetary Policy Committee says inflation may have peaked in the UK

The Guardian - UK

Bank of England raises UK interest rates to 4%

Hike of 0.5 percentage points lifts rates to 14-year high, but BoE says shorter and shallower recession now more likely

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