Main image: The Bank of England held rates at 4.5% last week and most five-year fixed-rate deals remain above 4%
BoE nudges interest rates up to 0.25%
"The rise has been a long time coming, and with inflation now at decade high levels, there really is little alternative," comments Strutt & Parker, while Knight Frank Finance says "it’s clear that the Bank of England believes the economy will shrug off most of the effects of Omicron." Chestertons thinks the increase will "have very limited impact on property buyers and existing homeowners."
BoE raises interest rates to a 13-year high
The Bank of England expects interest rates to climb to around 2.5% by mid-2023.
BoE bumps base rate up to 1.25%
Britain's central bank hikes interest rates again in a bid to curb inflation.
Bank of England nudges interest rates up to 0.75%
The BoE's Monetary Policy Committee has raised the base rate of interest by 0.25%, to the highest level since the start of the Covid-19 pandemic.
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