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The Latest Breaking News from Interest Rates

'My mortgage is going up - I'm considering selling as it's already hiked by 55%'

Following Bank of England's decision to hike interest rates to five per cent, single mum Abigail Tunstall has shared the struggle it will cause her and millions of others across the UK

Daily Mirror

Fed's Powell reinforces likelihood of more rate hikes because of persistently high inflation

Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market

The Independent UK

Martin Lewis' bleak reaction as Bank of England raises interest rates to 15 year high

The Money Saving Expert has had his say after previously warning that the mortgage ticking time bomb is 'exploding'

Manchester Evening News

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Why the Bank of England's interest rate hikes aren't slowing inflation enough and what that means for mortgages

Consumer price inflation stuck at 8.7% in May, defying expectations of a slowdown and making a further rise in UK interest rates inevitable.

The Conversation

Will interest rates come down again?

The Bank of England has increased its base interest rate from 4.5% to 5% in a bid to tame inflation. It is the 13th hike in row and the highest the rate has been for 15 years.

The Week

Hiking interest rates isn’t working. That leaves us all poorer – and Rishi Sunak carrying the can

Britain is facing a new economic era that will hurt those already struggling, and could radicalise even the previously comfortable, says Guardian columnist Gaby Hinsliff

The Guardian - UK

Bank of England delivers big rate hike

LONDON: The Bank of England (BoE) rattled markets by raising interest rates by half a percentage point — twice the amount expected — on Thursday, after it said there had been “significant” news suggesting British inflation would take longer to fall.

Bangkok Post

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Martin Lewis 'desperate' warning as mortgage rates climb to 9%

The Money Saving Expert founder said hiking up interest rates causes "huge pain" to mortgage holders

Liverpool Echo

Turkish central bank raises interest rates to 15% after two-year freeze

Experts say increase from 8.5% may be insufficient to tackle surging inflation some estimate to be 110%

The Guardian - UK

Mortgage brokers explain your options in 'really gloomy' interest rate climate with deals vanishing in 30 minutes

'You'd spend more time choosing a holiday than you would at the moment trying to decide if this deal is best for you'

Wales Online

Mortgage crisis set to escalate as Bank of England hikes interest rates to 5%

More than 1.4 million mortgage holders could lose at least a fifth of their disposable income in additional repayments.

Daily Record

Therapy or paying the bills: Choices facing desperate homeowners amid mortgage time bomb

As the Bank of England raises interest rates for the 13th consecutive time, households across the UK are sitting on top of a mortgage ticking time bomb

The Independent UK

Martin Lewis gives verdict on spiralling interest rates

‘One trick method causing huge pain’ to those with mortgages, Martin Lewis warns

The Independent UK

Bank of England: When will UK interest rates go down after 5% rise?

The 5% hike announced by the Bank of England surprised economists

Liverpool Echo

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Liverpool Echo

Map of areas to be most affected by Bank of England interest rate hike

The Bank of England has increased interest rates for the 13th time in a row

The Independent UK

Bank of England raises interest rates to 5% amid mortgage crisis

Bank of England governor Andrew Bailey warns further rises likely if inflation remains high as critics accuse him of being ‘asleep at the wheel’ in bid to curb spiralling prices

The National (Scotland)

Bank of England pushes interest rates to highest levels in almost 15 years

THE Bank of England has unexpectedly pushed up interest rates to 5 per cent, the highest rate in almost 15 years, as policymakers and the UK…

Manchester Evening News

Bank of England increase interest rates to 5%

It comes after inflation failed to drop in May

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Insider UK

Bank of England raises interest rates to 5%

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

Daily Mirror

Bank of England hikes interest rates to 5% - what it means for your money

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 Guardian - UK

Bank of England raises interest rates by a half point to 5%

Move brings borrowing costs to highest level since April 2008 as Bank intensifies efforts to control inflation

Wales Online

Lloyds, Barclays, Halifax, HSBC: All the variable mortgage rates right now as interest rates to rise for 13th time

Some banks will be increasing their rates in a few weeks

Liverpool Echo

Mortgage warning for millions as interest rates set to rise again today

The Bank of England is set to increase the base rate for the 13th time in a row

The Independent UK

Why are interest rates going up – and what does it mean for mortgages?

Markets are now anticipating a high of 6% by early next year

The National (Scotland)

Labour rule out subsidies for mortgage holders as interest rates rocket

Rachel Reeves has ruled out Labour backing plans that would see subsidies or financial support for mortgage holders, as struggling homeowners brace…

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