The Latest Breaking News from Interest Rates

The Bank of England has increased its base interest rate from 4.5% to 5% in a bid to tame inflation. It is the 13th hike in row and the highest the rate has been for 15 years. 

Britain is facing a new economic era that will hurt those already struggling, and could radicalise even the previously comfortable, says Guardian columnist Gaby Hinsliff

LONDON: The Bank of England (BoE) rattled markets by raising interest rates by half a percentage point — twice the amount expected — on Thursday, after it said there had been “significant” news suggesting British inflation would take longer to fall.

The Money Saving Expert founder said hiking up interest rates causes "huge pain" to mortgage holders

Experts say increase from 8.5% may be insufficient to tackle surging inflation some estimate to be 110%

'You'd spend more time choosing a holiday than you would at the moment trying to decide if this deal is best for you'

More than 1.4 million mortgage holders could lose at least a fifth of their disposable income in additional repayments.

As the Bank of England raises interest rates for the 13th consecutive time, households across the UK are sitting on top of a mortgage ticking time bomb

‘One trick method causing huge pain’ to those with mortgages, Martin Lewis warns

The 5% hike announced by the Bank of England surprised economists

The Bank of England has increased interest rates for the 13th time in a row