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The Latest Breaking News on Rates probably on hold but all eyes on RBA governor

Mortgage hammer blow of £5,000 a year for London homeowners

250,000 London households comings off fixed loan deals will bear the brunt of announced interest rate rises

Evening Standard

‘Reason to be optimistic:’ Bank chief offers hope on interest rate hikes

Interest rates are no longer expected to rise as high as feared this year, a Bank of England chief said on Friday.

Evening Standard

New Bank of England interest rates rise impact on future mortgage payments and soaring inflation

The base rate increased from 3.5% to 4% to help bring double-digit inflation under control.

Daily Record

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Why has the Bank of England hiked interest rates and what does it mean?

The decision was taken to help keep inflation under control.

The Independent UK

FTSE 100 hits all-time high after US jobs report beats forecasts – as it happened

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The Guardian - UK

Further interest hikes announced in major blow to mortgage payers

This is the fifth interest hike since last summer which will put more pressure on households struggling to keep afloat during the cost of living crisis

Dublin Live

Millions in UK to see around £624 wiped from bank accounts

It is another blow amid the worsening cost of living crisis

Liverpool Echo

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Mortgage holders to pay hundreds more per year after rate hike with another on the way next month

It means hundreds of thousands of households are waking up to the bad news

Irish Mirror

The economic shock hitting the U.S. housing market just lost some punch

The average 30-year fixed mortgage rate falls to 5.99%. That's a five-month low.

Fortune

Corporate Australia is opening its books — and the numbers probably won't be too bad, for now

It's time for the twice-a-year look inside corporate Australia, and analysts say this profit-reporting season is likely to signal a turning point for the economy as a whole.

ABC News

From savings to pensions - who is affected by interest rate rises?

The Bank of England hiked rates to 4% on Thursday

The Independent UK

Will the interest rate rise trigger a stampede for tracker mortgages?

Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandary

The Guardian - UK

Average long-term mortgage rate falls a fourth straight week

The average long-term U.S. mortgage rate declined for the fourth week in a row, a sign of relative stability that could potentially open the door for some prospective homebuyers to get back in the market

The Independent UK

Bank raises rates to 4% – recession to be shorter and shallower

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

Evening Standard

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The Independent UK

Martin Lewis gives verdict on interest rate rise and what it means for mortgage holders

Money Saving Expert founder has shared his advice after Bank of England hiked rates to 4%

The Independent UK

UK house prices: How interest rate rise will affect property market and mortgages

Bank of England’s tenth interest rates rise in row will impact homeowners and house buying hopefuls

Chronicle Live

Interest rates go up again - what it means for your mortgage, debts and savings

The Bank of England raised interest rates on Thursday to try and lower inflation, which is being pushed up by higher energy, food and fuel prices - here are more details

Daily Record

Scots face mortgage payment hikes as interest rates rise again

The Scottish Greens have said that the interest rate increase will be "a devastating blow" to families across Scotland.

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Daily Mirror

UK heading for recession - but won't be as bad as expected, says Bank of England

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease

The Guardian - UK

Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

Evening Standard

Recession will be shallower and shorter than predicted, says Bank of England

The Bank of England now expects a shallower and shorter recession this year than it predicted in November - although GDP will still not return to peak levels until 2026.

The Independent UK

Bank of England hikes interest rates to 4% but expects shallower recession

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%.

The National (Scotland)

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised UK interest rates to their highest level for 14 years in a bid to battle soaring prices.

Evening Standard

Bank of England raises interest rates to 4%

Thousands of struggling London home owners were dealt another huge blow on Thursday when the Bank of England increased its interest rate by half a percentage point to a 15 year high of 4 per cent.

Wales Online

The Bank of England has raised interest rates to 4%

It means mortgages and other debt will become more expensive for millions of people

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