World News
Bank of England raises interest rates to 4%, the first increase for more than three years
Source: World news | The Guardian · Published
Base rate increases from 3.75%, and Bank governor signals another rise in near future to combat rising inflation Business live – latest updates The Bank of England has raised interest rates for the first time in three years and warned of another increase to come to combat rising
Base rate increases from 3.75%, and Bank governor signals another rise in near future to combat rising inflation Business live – latest updates The Bank of England has raised interest rates for the first time in three years and warned of another increase to come to combat rising inflation unleashed by the Iran war. Eight members of the Bank’s monetary policy committee (MPC) voted for the move, which takes the base rate from 3.75% to 4%. The ninth member, Catherine Mann, preferred a more dramatic half-point increase.
Continue reading...
Related stories
Who could be the next England debutant and who are the potential recalls?
It's the last international break of the year and England have some big games in the Nations League coming up. Thomas Tuchel has big decisions to make on his next squad selection.
feeds.bbci.co.uk ·
Three ways the interest rate rise could affect you
Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.
feeds.bbci.co.uk ·
Today’s UK interest rate rise unlikely to be the last unless Iran war ends, Bank of England warns – business live
UK hit by first interest rate rise in three years, as Bank predicts inflation will approach 5% by middle of 2027 UK government bond prices are also rallying today. This has pushed down the yield, or rate of return, on UK 10-year gilts by 4 basis points (0.04 of a percentage point
Business | The Guardian ·
What's happening to UK interest rates and what does it mean for mortgages?
The interest rate set by the Bank of England affects mortgage, loan and savings rates for millions.
feeds.bbci.co.uk ·
The long goodbye: England taking their time to leave Rugby League World Cup
Some of Brian McDermott’s players will arrive home a week after their early exit from the tournament By No Helmets Required England players would have been well advised to ignore the advert outside their North Bay hotel in Wollongong over the weekend: “Everything that truly matte
Sport | The Guardian ·