All the updated news related to bank rates

All the news related to bank rates updated in real time

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Interest rates rise to new 14-year high as Bank slightly eases off accelerator

The Bank of England eased its foot off the accelerator slightly on Thursday as it raised interest rates to a 14-year high, but experts expect more to come in the new year. The Monetary Policy Committee (MPC) chose to increase the rate from 3% to 3....

15 Dec 2022 at 16:05

Why have interest rates gone up and what impact will it have?

The Bank of England has increased interest rates again, bringing them to the highest point in 14 years. What does it mean for households, and why does the Bank feel it has to do this. We explore the outcomes here. – What has happened to interest ...

15 Dec 2022 at 16:55

Bank expected to hike interest rates again despite inflation easing

The Bank of England is expected to push interest rates even higher on Thursday despite data showing inflation eased back by more than predicted in November. In what will heap further pressure on mortgage holders, the nine members of the ...

14 Dec 2022 at 15:45

Bank of England raises interest rates to new 14-year high

The Bank of England has signalled it could continue to increase interest rates over the coming months, as it raised its base rate to a fresh 14-year high. Decision-makers said on Thursday that they are increasing interest rates from 3% ...

15 Dec 2022 at 15:05

Household incomes to improve amid ‘turning point’ for economy in 2024 – report

UK household incomes are expected to improve in 2024 and the year ahead is set to see a “turning point” for Britain’s stagnating economy thanks to falling inflation, interest rate cuts and tax reductions, according to a report. The EY ...

23 Jan 2024 at 08:56

Bank of England predicted to hike interest rates further to 3.5%

The Bank of England is expected to push interest rates even higher next week at its latest meeting, putting further pressure on mortgages. In a crunch meeting, the nine members of the Monetary Policy Committee will make a decision ...

09 Dec 2022 at 13:46

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