The Latest Breaking News from Bank of England

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

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

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

With another Bank of England rate hike predicted for today, the Government is accused of being out of ideas and clueless about people’s financial predicament

The dollar index (DXY00 ) on Wednesday fell -0.46% on bearish technical sentiment, with the dollar index knocking on the door of last week’s 5-week low. The forex market remains focused on monetary policy differentials, with the ECB and Bank of England continuing to raise interest rates while the Fed...

Experts warn 1.4m homeowners will see a fifth of their disposable income wiped out by soaring mortgage rates

Jumbo hike of half a percentage point is the 13th consecutive rise, cost of borrowing to its highest since 2008

The cost of living crisis continues to bite

More lenders may withdraw their deals by the end of the day