The Latest Breaking News from Bank of England

The Bank of England (BoE) has raised interest rates once again to 5.25%, mirroring similar moves by the Federal Reserve and the European Central Bank. The fact that the UK is still suffering from high inflation – higher than either the US or eurozone – made another rate rise appear…

With the Bank of England base rate currently the highest it has been since early 2008, you may have a valuable opportunity to increase your earnings on pensions, investments and savings accounts. After all, when the central bank raises its main rate – the base rate, which is typically used…

Mortgage holders on tracker deals face nearly £24 per month being added to their payments, on average, following the latest Bank of England base…

The 0.25 percentage point rise will add on £23.71 on average to monthly tracker payments, adding up to nearly £285 per year.

Central bank raises interest rates to highest level since February 2008

Protests take place outside the Bank as it increases rates again, although inflation is expected to drop to 5% by end of the year

The Bank of England’s long-running fight against inflation will today see interest rates hit at least 5.25%.

The Bank of England is set to raise interest rates for the 14th time in a row to a fresh 15-year high and keep the door open for further increases as it tries to tamp down persistently high inflation

Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts