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The Latest Breaking News from Interest Rates

Why has the Bank of England hiked interest rates and what does it mean?

The decision was taken to help keep inflation under control.

The Independent UK

FTSE 100 hits all-time high after US jobs report beats forecasts – as it happened

UK’s blue-chip index has hit a new record high of 7906 points, helped by weak pound, and hopes that interest rates may be near their peak

The Guardian - UK

4 Gulf Banks Raise Interest Rates by 0.25%, Qatar Holds

The majority of central banks in the Gulf region raised the main interest rates on Thursday, following a decision by the US Federal Reserve to raise its key policy rate by 0.25%, in an effort to counter inflation. Qatar kept the interest rate unchanged, while the Saudi Central Bank (SAMA),…

Asharq Al-Awsat

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‘I’m really worried’: homeowners and would-be buyers on UK interest rates

As the base rate reaches 4%, we hear from people concerned about rising mortgage costs

The Guardian - UK

Asian shares trade mixed ahead of US jobs report

Asian shares are trading mixed ahead of a closely watched U.S. jobs report that may affect global interest rates

The Independent UK

Millions in UK to see around £624 wiped from bank accounts

It is another blow amid the worsening cost of living crisis

Liverpool Echo

Experts weigh in to help you figure out how much car you can afford

With car-buying costs on the rise, many consumers are left wondering how to fit a new set of wheels into their monthly budget.

Fortune

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Qantas boss apologises for 'routinely letting customers down' as ASX continues to rise — as it happened

Qantas boss Alan Joyce apologises for "routinely letting customers down" as Europe's two central banks hike their version of the cash rate, with the Reserve Bank of Australia expected to follow next week.

ABC News

Will the interest rate rise trigger a stampede for tracker mortgages?

Hints by Bank of England that rates may have peaked leaves those remortgaging in a quandary

The Guardian - UK

Should you remortgage now or wait? Experts have their say after Bank of England's interest rate announcement

The Bank of England has now raised interest rates to 4 percent - the highest rate in 14 years

Manchester Evening News

Bank raises rates to 4% – recession to be shorter and shallower

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

Evening Standard

More Cracks in the FTC's Aggressive Antitrust Plans, as Court Refuses To Ban Meta From Buying V.R. Fitness App

Plus: Trump teases new avenues of authoritarianism, interest rates raised again, and more...

Reason

UK house prices: How interest rate rise will affect property market and mortgages

Bank of England’s tenth interest rates rise in row will impact homeowners and house buying hopefuls

The Independent UK

Interest rates go up again - what it means for your mortgage, debts and savings

The Bank of England raised interest rates on Thursday to try and lower inflation, which is being pushed up by higher energy, food and fuel prices - here are more details

Chronicle Live

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Daily Record

Scots face mortgage payment hikes as interest rates rise again

The Scottish Greens have said that the interest rate increase will be "a devastating blow" to families across Scotland.

The Guardian - UK

Interest rates rise again but Bank of England hints at a brighter future

Threadneedle Street is still expecting a recession but it is likely to be a mild one by UK standards

The Independent UK

Bank of England hikes interest rates to 4% but expects shallower recession

Decision makers on the Bank’s Monetary Policy Committee (MPC) opted to hike the base rate from 3.5% to 4%.

Manchester Evening News

Bank of England raises interest rates AGAIN - how it could affect you and your mortgage

Millions of homeowners across the country are likely to be concerned after yet another interest rate rise

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The National (Scotland)

Bank of England raises interest rates to highest level for 14 years

THE Bank of England has raised UK interest rates to their highest level for 14 years in a bid to battle soaring prices.

Evening Standard

Bank of England raises interest rates to 4%

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.

Wales Online

The Bank of England has raised interest rates to 4%

It means mortgages and other debt will become more expensive for millions of people

The Independent UK

Bank of England raises interest rates again in 10th consecutive hike

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

Insider UK

Bank of England pushes interest rates up to 4%

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

Birmingham Post

Interest rates rise to 4% as Bank of England prepares for 'shallow' recession

Monetary Policy Committee says inflation may have peaked in the UK

The Guardian - UK

Bank of England raises UK interest rates to 4%

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

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