Bank of England expected to raise interest rates for first time since 2023

Bank of England expected to raise interest rates for first time since 2023

Many economists think rate-setters will want to tackle rising inflation in the UK economy by tightening monetary policy.

1 Nov, 09:00

Bank of England holds interest rates at 3.75% but warns war could force future rises

Central bank announces surprise plan to sell billions of pounds in government bonds back to the Treasury Business live – latest updates The Bank of England has kept interest rates on hold as it warned a continuation of the current bitter fighting in the Middle East could force it to raise borrowing costs amid mounting fears over inflation. It also announced a surprise plan to sell billions of pounds in UK governmen…

17 Sept, 11:16

‘Nailed on’: Bank of England expected to hike interest rates

The Bank of England is expected to hike interest rates next week as policymakers battle to stamp on inflationary pressures building in the UK economy.  City analysts have predicted that the Bank’s Monetary Policy Committee will vote to raise interest rates from 3.75 per cent to four per cent. The Bank has been closely monitoring [...]

30 Oct, 11:00

US holds interest rates - ahead of possible Bank of England hike

The Federal Reserve has left interest rates unchanged - despite persistently high inflation and repeated calls from Donald Trump to lower borrowing costs.

28 Oct, 23:51