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The Latest Breaking News from The Bank of England

Bank of England interest rate rise could be the last for a while

The UK’s new 4.5% base rate may seem high, but it’s actually quite low compared to the 1980s and 1990s

Wales Online

Soaring interest rates to cost UK mortgage holders £12bn in extra payments

Impact of Bank of England’s decision to hike rates to 4.5% will be felt mostly by young families, thinktank says

The Guardian - UK

Millions have seen their mortgage increase by £5,000 since interest rates began to rise

Yesterday, the Bank of England increased its base interest to 4.5% from 4.25% - which was the 12th rise since December 2021 when the rate was 0.1%

Daily Mirror

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Mortgage rates: How 1% can hit your finances for the rest of your life

Just a small percentage rise can have a lasting knock-on effect, say experts

The Independent UK

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

The Bank of England has hiked the interest rate to 4.5%

The Independent UK

Sticky inflation and sluggish growth: why does UK economy continue to struggle?

The UK’s economy shrank by 0.3% in March, with the first quarter of 2023 seeing “sluggish growth” of 0.1%, placing the UK once again towards the bottom of the league table of developed economies.

The Week

Martin Lewis explains how much your monthly mortgage payments will go up after interest rate rise

The Bank of England has increased the base rate to 4.5% and consumer expert Martin Lewis has spelled out how homeowners will be affected

Chronicle Live

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Food prices set to come back down soon, supermarket chiefs promise

Retail bosses under pressure as food inflation proves more ‘sticky’ than expected

The Independent UK

Bank of England boss warns of more financial pain to come after yet another interest rate rise

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation

Manchester Evening News

UK economy stuck in first gear as GDP plunges in March

Bad weather and strikes blamed for forcing down high street sales

Evening Standard

UK mortgage predictions: where will rates go next?

Mortgage rates are rising again and products are being pulled from the market amid higher-than-expected inflation figures.

The Week

What latest interest rate hike will mean for your money

The Bank of England has raised rates for a record twelfth time in a row

Liverpool Echo

What the papers say – May 12

Latest rise in interest rates dominated newspaper front pages on Friday.

The Independent UK

Bank boss warns financial misery is not over yet after another interest rate hike

Homeowners were warned things could get even worse as Andrew Bailey could not rule out further rises in a bid to bring down rampant inflation

Daily Mirror

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Belfast Live

How Bank of England interest rates will impact Northern Irish borrowers

It is the 12th time that the Bank of England has raised interest rates since 2021

Evening Standard

OPINION - Interest rates rise for 12th successive time as inflation gets sticky

Today’s Monetary Policy Report from the Bank of England was a little like the weather: a bit of sunshine, some very dark clouds, but mostly everyone wondering when things will get better.

The Conversation

Bank of England interest rate rise: why this could be the last increase for a while

The Bank of England has increased its benchmark interest rate to 4.5% – the seventh rise since May 2022, when the base rate was just 1%. It is now at the highest level since 2008.

Insider UK

Bank of England lifts interest rates again as food prices stay higher for longer

Central bank economists also released a record upgrade to their economic growth expectations

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news in one place.

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The National (Scotland)

'Tory mortgage crisis hits millions' as interest rates hiked to 15-year high

THE Bank of England has raised interest rates for the 12th time in a row to its highest level since 2008 ...

The Guardian - UK

Another UK interest rate rise was always nailed on but what happens next?

Bank of England aware that impact of most rates rises has yet to be felt, meaning a pause is now probable

The Guardian - UK

UK interest rate rise: how will it affect you?

The quarter-point rise to 4.5% hits mortgage holders, credit card users and people seeking loans, but savers could benefit

Wales Online

The Bank of England has raised interest rates to 4.5% from 4.25%

It is the 12th consecutive increase in rates

The Guardian - UK

Bank of England raises UK interest rates to 4.5%

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

The Independent UK

Why are interest rates going up – and how does raising them help inflation?

The Bank of England has hiked the interest rate to 4.5%

The Independent UK

Interest rates – live: Mortgage warning as Bank raises rates to highest level since 2008

Experts have warned the rise will affect the property market, with lenders already raising their rates

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