UK Interest Rates Raised to Highest Level in 14 Years
The Bank of England has raised UK interest rates to their highest level in the past 14 years.
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Bank of England
Bank of England Says UK May Already be in Recession
The Bank of England has increased interest rates from 1.75% to 2.25% and said the UK may be in a recession already.
Increased Pressure On Borrowers As BoE Set To Raise Interest Rates To 1.75%
The Bank of England (BoE) has outlined clear plans to forcefully tackle record-high inflation in the UK, with a rare half-percentage point interest rate rise highly likely to be delivered on Thursday.
Pound Sterling Slips While US Dollar Remains Strong
On Friday, the pound sterling slipped against a strengthening US dollar despite gains made a day earlier after the Bank of England upped interest rates.
What The Bank of England’s Interest Rate Rise Means For Borrowers
The Bank of England has raised interest rates to their highest level in 13 years in an effort to curb inflation. This will have significant consequences for certain borrowers namely those with variable-interest mortgages.
