The Latest Breaking News from Bank of England

Impact on homes after steepest rate rise since 1989

As the UK faces its longest recession since the 1920s, we explain what that actually means

Property price chat, Tube delays, torrential rain – this morning doled out a full house of London bingo. And then the Bank of England said ‘hold my £8.50 beer’.

An average of £284 a month has been added since December 2021

The Bank of England says it’s' better for everyone in the long run' to have low and stable inflation

Andrew Bailey today said interest rates "will have to go up by less than is currently priced in by financial markets" meaning "fixed rate mortgages should not need to rise as much as they have done"

Central bank raises key rate to 3 percent, warns UK economy is in a recession that could last two years.

The Bank of England has raised the base interest rate to 3 percent after the biggest rise in 33 years

LONDON: The Bank of England raised interest rates to 3% on Thursday from 2.25%, its biggest rate rise since 1989, but it pushed back against expectations for further steep hikes, saying Britain faces a painful recession that could last two years.

From loans to mortgages, house prices to credit cards – all you need to know about the biggest rate rise since 1989

The Bank of England’s base rate has risen from 2.25% to 3%, its highest in 14 years.