The Latest Breaking News from Interest Rates

Latest 0.25 point hike marks 12th rise in a row as Bank battles stubbornly high inflation

Base rates hit 4.5% for first time since 2008

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.

The Bank of England is set to raise interest rates to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K. Financial markets expect the bank’s nine-member Monetary Policy Committee to lift its main interest rate by a quarter of a percentage point…

It would be the 12th consecutive time policymakers at the Bank of England have raised rates

The interest rate could change again significantly this afternoon

It will be the 12th consecutive increase in the cost of borrowing - including mortgages

The longer we wait to address our debt, the more painful it will be.