Bank of England raises interest rates to 4% for first time in three years
Summary of 7 reports
The Bank of England has increased its base rate from 3.75% to 4%, marking the first rate hike in over three years. The move aims to combat rising inflation, with energy costs cited as a key driver of inflationary pressure.
Full coverage
Euro zone inflation hits 4% for first time in three years as interest rate hike looms (opens CNBC in a new tab)
It was driven by energy inflation, which surged above 20% in October.
Bank of England set to hike interest rates to 4% to tackle rising inflation (opens Evening Standard in a new tab)
Rate-setters are widely expected to tighten monetary policy in a bid to tackle rising inflation in the UK economy.
Interest rates expected to rise for first time in over three years (opens BBC News in a new tab)
Most analysts are predicting an increase from 3.75% to 4%, the first increase in more than three years.
Bank of England set to hike interest rates to 4% to tackle rising inflation (opens Evening Standard in a new tab)
Rate-setters are widely expected to tighten monetary policy in a bid to tackle rising inflation in the UK economy.
Bank of England to raise interest rates to eye-watering level for first time in 3 years (opens Daily Express in a new tab)
A big Bank of England decision is due this week - and it could mean borrowing becomes more expensive
UK interest rates live: Pound prices reach post-Brexit high as Bank of England decides next step (opens The Independent in a new tab)
Homeowners face prospect of another increase in borrowing costs if BoE raise the base rate
Bank of England raises interest rates to 4%, the first increase for more than three years (opens The Guardian in a new tab)
Decision by MPC a week after the budget comes as Iran war continues to drive up energy costs Business live – latest updates The Bank of England has raised interest rates for the first time in more than three years to combat rising inflation, as the Iran war…
Interest rates rise for the first time in over three years – what does it mean? (opens Metro in a new tab)
The impacts of the interest rate rise will be most visible for mortgage-holders (Picture: Getty Images) The Bank of England has hiked up interest rates for the first time since August 2023, amid concerns the Iran War could lead to a lengthy bout of inflation.…
Three ways the interest rate rise could affect you (opens BBC News in a new tab)
Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.
Faisal Islam: How high will interest rates go? (opens BBC News in a new tab)
The BBC's economics editor views one more interest rate as likely, but thinks that will be all.
Interest rate rise in midst of cost of living crisis will leave many incredulous (opens The Guardian in a new tab)
Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of…
Interest rates hiked for first time in more than three years – but Bank of England cautious for next step (opens The Independent in a new tab)
The Bank Rate is back up to 4%, but opinions are split over future movement
‘Hawkish’ Bank of England raises rates and US stocks plummet (opens Evening Standard in a new tab)
The FTSE 100 index closed down 46.55 points.
