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The Latest Breaking News from Interest Rates

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.

Bangkok Post

Martin Lewis 'desperate' warning as mortgage rates climb to 9%

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

Liverpool Echo

Turkish central bank raises interest rates to 15% after two-year freeze

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

The Guardian - UK

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Mortgage brokers explain your options in 'really gloomy' interest rate climate with deals vanishing in 30 minutes

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

Wales Online

Mortgage crisis set to escalate as Bank of England hikes interest rates to 5%

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

Daily Record

Therapy or paying the bills: Choices facing desperate homeowners amid mortgage time bomb

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

The Independent UK

Martin Lewis gives verdict on spiralling interest rates

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

The Independent UK

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Bank of England: When will UK interest rates go down after 5% rise?

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

Liverpool Echo

Map of areas to be most affected by Bank of England interest rate hike

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

Liverpool Echo

Bank of England raises interest rates to 5% amid mortgage crisis

Bank of England governor Andrew Bailey warns further rises likely if inflation remains high as critics accuse him of being ‘asleep at the wheel’ in bid to curb spiralling prices

The Independent UK

Bank of England pushes interest rates to highest levels in almost 15 years

THE Bank of England has unexpectedly pushed up interest rates to 5 per cent, the highest rate in almost 15 years, as policymakers and the UK…

The National (Scotland)

Bank of England increase interest rates to 5%

It comes after inflation failed to drop in May

Manchester Evening News

Bank of England raises interest rates to 5%

The Monetary Policy Committee votes in favour of raising rates for the the 13th time in a row

Insider UK

Bank of England hikes interest rates to 5% - what it means for your money

The central bank's base rate was upped by 0.5 percentage points from 4.5% and remains at its highest level since the 2008 financial crash

Daily Mirror

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The Guardian - UK

Bank of England raises interest rates by a half point to 5%

Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflation

Wales Online

Lloyds, Barclays, Halifax, HSBC: All the variable mortgage rates right now as interest rates to rise for 13th time

Some banks will be increasing their rates in a few weeks

Liverpool Echo

Mortgage warning for millions as interest rates set to rise again today

The Bank of England is set to increase the base rate for the 13th time in a row

The Independent UK

Why are interest rates going up – and what does it mean for mortgages?

Markets are now anticipating a high of 6% by early next year

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The National (Scotland)

Labour rule out subsidies for mortgage holders as interest rates rocket

Rachel Reeves has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace…

The Guardian - UK

Rishi Sunak says he is ‘totally, 100% on it’ in battle against inflation – as it happened

Prime minister says he knows people will be anxious about rate rise but ‘it is going to be OK’

Daily Mirror

Three ways the Bank of England could try and cut inflation without rising interest rates

The Bank of England has upped its base interest rate again today but are there any other ways it can tackle inflation? - The Mirror asked three financial experts to find out if there is anything else that could be done

The Independent UK

Trigger recession to tame inflation, say economists – as Bank set to hike interest rates

‘There’s no other way around it’, says Jeremy Hunt adviser on looming UK recession

Evening Standard

FTSE 100 Live: ‘Mortgage holders need to prepare for more pain ahead’ — Bank of England interest rates hit 5%

Consumers are showing signs of resilience after figures today revealed retail sales rose in May.

The Guardian - UK

Bank of England governor denies trying to trigger recession after hiking interest rates to 5% – as it happened

Rolling coverage as the Bank of England lifts UK interest rates to a 15-year high, as it contnues to fight inflation

Evening Standard

Londoners face £1,000 hike in monthly mortgage bills as BoE fights runaway inflation

The average two-year rate continued to surge today, hitting 6.19%

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