The Latest Breaking News from Bank of England

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.

Central bank Monetary Policy Committee announces another 0.5 per cent increase to base rate

Central bank says the UK is still headed for a recession, but it could be shallower and shorter than previously expected

Monetary Policy Committee says inflation may have peaked in the UK

Hike of 0.5 percentage points lifts rates to 14-year high, but BoE says shorter and shallower recession now more likely

The base rate has today been increased from 3.5% to 4% and remains at its highest level since 2008 - but what exactly does it mean for your money? We explain what you need to know

London (AFP) - European stock markets rallied Thursday before interest rate decisions from the European Central Bank and Bank of England and following the US Federal Reserve's latest hike aimed at cooling sky-high inflation.

Mirror Money editor Levi Winchester will be joined by Bestinvest personal finance analyst Alice Haine to chat through everything you need to know about the Bank of England base rate announcement

Central bank confirms further 0.5 per cent hike, bringing base rare to 4 per cent

Compare prices across the country as rates set to increase again

UK central bank predicts much shallower recession than feared, but says Brexit hit has arrived sooner than thought