The Bank of England has said it now expects a 0.1% fall in GDP over the current quarter, indicating that the country is already in a recession.

Bank of England increases Interest rates by 0.5% to highest level since 2008

A widely expected rise in interest rates that was scheduled to be announced next week has instead been put on hold.

Bank of England postpones interest rate decision after Queen’s death

After the Bank of England announced the biggest interest rate hike in 27 years this week, Joel Hills answers your questions on what this means for you.

House prices, inflation, fuel: Your questions answered on interest rate rises

No 10 hopeful Liz Truss argues the Bank of England is in part to blame for spiralling prices and should have acted earlier to raise interest rates.

Andrew Bailey is from Mars, Liz Truss is from Venus

Split image of the Bank of England building and some UK cash. 

The new prime minister could sense an opportunity to deflect from the government’s own mistakes and come for the Bank of England, Robert Peston writes.

Why the Bank of England should say sorry, writes Robert Peston 

It means the UK will enter five consecutive quarters of recession with gross domestic product falling as much as 2.1%

UK heads for recession as sharp interest rate hike sparks 13% inflation warning

The two candidates vying to be the next prime minister are taking different approaches to interest rates, writes Robert Peston. 

Bank of England : Lower taxes with Truss or lower interest rates with Sunak

The Bank of England is raising the cost of borrowing for the fifth time in seven months in an attempt to tame soaring inflation.

Bank raises interest rates again and predicts inflation will peak at 11% 

The idea is that putting interest rates up will help bring inflation (the rate of increase in prices for goods and services) back down.

What the interest rate rise means for your finances

A post-lockdown 'race for space' continues in the housing market but so does a race to extinguish red hot inflation, writes Joel Hills.

BoE: Housing market 'starting to turn' but interest rates not returning 'to 90s'

The Bank believes a squeeze on living standards, driven by soaring energy prices, is set to intensify and push the UK economy into recession later this year.

Bank of England forecasts a recession in the UK as inflation tops 10%

The Monetary Policy Committee voted 8 - 1 to increase Bank Rate in March, for the third time in four months, to 0.75%.

Bank hikes interest rates again as war in Ukraine forces inflation higher

Shoppers wearing face masks walk through Birmingham city centre. It has been announced that in England no further coronavirus restrictions will be introduced before the new year. Picture date: Tuesday December 28, 2021.  Jacob King/PA


Interest rates are rising for the second time in three months. Business Editor Joel Hills explains what this means for homeowners and our living standards.

UK experiencing the worst hit to household spending power for 30 years

The Bank of England moved to put up interest rates because it is worried about the pace at which prices are rising.

Bank of England moves to contain inflation with interest rate rise

The bank's monetary policy committee (MPC) of nine members voted eight to one in favour of increasing the interest rates for the first time in three years. 

Interest Rates

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