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The Bank of England's move today represented its fourth rate hike in a row since December - the fastest increase in borrowing costs in 25 years

Bank of England raises rates to 1% to offset inflation

The Bank of England has raised interest rates to their highest since 2009 at 1% today to counter inflation now heading above 10%, even as it sent a warning that Britain risks falling into recession.

Business • 05 May 22

The Bank of England has increased UK rates for the third meeting in a row to 0.75%

Bank of England raises interest rates to 0.75%

The Bank of England raised interest rates today for a third meeting in a row as expected, but softened its language on the need for further increases from here.

Business • 17 Mar 22

The Bank of England was the first major central bank to raise interest rates since the pandemic began two years ago

Bank of England set to lift UK interest rates this week

The Bank of England is almost certain to increase borrowing costs on Thursday, nearly all economists polled by Reuters said, marking the third consecutive meeting where it has raised Bank Rate as it continues its exit from pandemic-related support.

Business • 15 Mar 22

The IMF has backed the Bank of England's decision to raise interest rates in December and February

IMF urges Bank of England to be clear about plans

The International Monetary Fund has told the Bank of England to be clear about its plans to withdraw stimulus for Britain's economy, following criticism of the central bank's communications in recent months.

Business • 23 Feb 22

The annual rate of UK consumer price inflation rose to 5.5% in January - the highest since March 1992

UK inflation hits nearly 30-year high of 5.5%

British consumer prices rose at the fastest annual pace in nearly 30 years last month, intensifying the squeeze on households and reinforcing the chances that the Bank of England will raise interest rates for a third meeting in a row.

Business • 16 Feb 22

A near 30-year high inflation rate in December pressured the Bank of England to raise rates for a second meeting in a row earlier this month

Bank of England to raise rates again in March - poll

The Bank of England will raise interest rates faster than previously thought to tame surging inflation, according to economists polled by Reuters who significantly upgraded their forecasts for consumer price rises.

Business • 14 Feb 22

The Bank of England today raised interest rates to 0.5% from 0.25% in an effort to fight inflation

Bank of England raises interest rates to 0.5%

The Bank of England has today raised interest rates to 0.5% and nearly half of its policymakers wanted a bigger increase to contain rampant price pressures, as the central bank warned inflation will soon top 7%.

Business • 03 Feb 22

The Bank of England has increased UK interest rates from 0.1% to 0.25% today

Bank of England ups rates as inflation pressures mount

The Bank of England today became the world's first major central bank to raise borrowing costs since the coronavirus pandemic hammered the global economy last year, as it said inflation was set to hit 6% in April, three times its target level.

Business • 16 Dec 21

The Bank of England kept alive the prospect of tighter monetary policy soon

Bank of England keeps UK interest rates on hold

The Bank of England kept interest rates on hold today, dashing investors' expectations for a hike that would have made it the first of the world's big central banks to raise rates after the Covid-19 pandemic.

Business • 04 Nov 21

UK consumer prices rose 3.1% in annual terms in September, slowing from 3.2% in August, ONS figures show

UK inflation declines unexpectedly in September

British inflation slowed unexpectedly last month but the decline was probably only a temporary respite for consumers and is unlikely to deter the Bank of England from raising interest rates, possibly as soon as next month.

Business • 20 Oct 21

Bank of England today stuck to its £895 billion asset purchase target

Bank of England keeps interest rate unchanged at 0.1%

The Bank of England said inflation would rise above 4% later this year, and two policymakers called for an early end to the bank's quantitative easing programme due to rising price pressures.

Business • 23 Sep 21

No interest rate changes from Bank of England today

Bank of England sees inflation peaking at over 3%

The Bank of England increased its forecast for inflation to rise further above its 2% target, saying it was now likely to peak above 3% but that would only be for a "temporary period" and it would keep a close eye on medium-term inflation expectations.

Business • 24 Jun 21

The Bank of England today left UK interest rates unchanged at 0.1%

Bank of England to slow bond-buying, but ups forecast

The Bank of England said it would slow the pace of its bond-buying as it sharply increased its forecast for Britain's economic growth this year after its coronavirus slump.

Business • 06 May 21

Bank of England said it was keeping its benchmark interest rate at an all-time low of 0.1%

Bank of England keeps rates & bond-buying plan on hold

The Bank of England said there were signs that Britain's economy was recovering from its Covid-19 slump but it stressed the outlook remained unclear, dampening speculation the central bank might move quickly to tighten policy.

Business • 18 Mar 21

The Bank of England has today maintained its main interest rate at 0.1%

Bank of England keeps rates & bond programme unchanged

The Bank of England kept its stimulus programme unchanged today as Britain makes progress with its Covid-19 vaccination programme which could lead to an easing of its latest lockdown that is weighing on the economy.

Business • 04 Feb 21

The Bank of England left its bond-buying programme at £895 billion today

No changes from Bank of England before Brexit endgame

The Bank of England kept its stimulus programme unchanged today as it awaited the outcome of Britain's trade deal talks with the European Union.

Business • 17 Dec 20

The Bank of England kept its benchmark Bank Rate at 0.1% - as expected - today

Bank of England to probe possible leak of QE decision

The Bank of England increased its already huge bond-buying stimulus today by a further £150 billion as it sought to cushion the UK's struggling economy against the hit from a second coronavirus lockdown.

Business • 05 Nov 20

The Bank of England kept UK interest rates at their record lows of 0.1% today

Bank of England looks harder at negative rates

The Bank of England said it was looking more closely at how it might cut interest rates below zero as Britain's economy faces a triple whammy of rising Covid-19 cases, higher unemployment and a possible new Brexit shock.

Business • 17 Sep 20

The Bank of England said today it was keeping its benchmark interest rate at 0.1%

Bank of England raises bond-buying programme again

The Bank of England increased its bond-buying programme by £100 billion to £745 billion today as it sought to help steer the UK economy away from a record slump in March and April caused by the coronavirus lockdown.

Business • 18 Jun 20

The Bank of England kept UK interest rate at its all-time low of 0.1% today and warned of the worst economic slump in 300 years

Bank of England sees worst slump in 300 years

The Bank of England held off from further stimulus measures today but said it was ready to take more action to counter the country's biggest economic slump in over 300 years, caused by the coronavirus lockdown.

Business • 07 May 20

Bank of England keeps UK rates at 0.1% after last week's emergency cut

Bank of England keeps UK rates unchanged at 0.1%

The Bank of England kept its key interest rate at a record-low 0.1% today and said it was ready to ramp up its recently expanded bond-buying programme further if needed to help the UK economy cope with the Covid-19 crisis.

Business • 26 Mar 20

Bank of England has cut UK rates to 0.1%

Bank of England cuts UK interest rates again

The Bank of England has cut interest rates to 0.1% and ramped up its bond-buying programme in its latest attempt to shield Britain's economy from the coronavirus outbreak.

Business • 19 Mar 20

BoE boss Bailey promises more 'prompt action' if needed

New Bank of England Governor Andrew Bailey promised that the bank would deliver further "prompt action" when needed to help Britain's economy weather the hit from the global coronavirus outbreak.

Business • 16 Mar 20

Bank of England Governor Mark Carney said today's measures will 'prevent a temporary disruption from causing longer lasting economic harm'

Bank of England cuts rates in shock move over virus

The Bank of England unexpectedly cut interest rates by half a percentage point to 0.25% this morning in a move to bolster Britain's economy against disruption caused by the coronavirus outbreak.

Business • 11 Mar 20

Outgoing Bank of England Governor Mark Carney

Bank of England keeps rates steady as it eyes pick-up

The Bank of England kept interest rates steady today, saying signs that Britain's economy had picked up since December's election and that the global economy had stabilised meant further stimulus was not needed now.

Business • 30 Jan 20

Uk Interest Rates