Bank of England raises interest rates to 2.25%, its highest since 2008

Monetary policy committee signals that inflation risks outweigh short-term threat of recession

The Bank of England has raised interest rates by 0.5 percentage points to 2.25% in an attempt to combat soaring inflation amid the cost of living crisis.

Threadneedle Street raised its key base rate for the seventh consecutive time, judging the risk of inflation becoming persistently embedded in the economy outweighed the short-term danger of recession.

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bank england raises interest

@g_don_f

@Elloff_ @RichardJMurphy Otherwise, unfortunately, your mortgage interest rate will rise each time the Bank of England raises its base rate.

Posted on: 2022-09-30 22:07

@ashmcgregor

RT @EveningStandard: Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year as…

Posted on: 2022-09-30 16:50

@brendan_92

RT @EveningStandard: Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year as…

Posted on: 2022-09-30 16:34

@meejahoar

RT @EveningStandard: Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year as…

Posted on: 2022-09-30 16:20

@jacqdodman

RT @EveningStandard: Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year as…

Posted on: 2022-09-30 16:13

@y_gigfran

RT @EveningStandard: Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year as…

Posted on: 2022-09-30 16:09

@RavS82

RT @EveningStandard: Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year as…

Posted on: 2022-09-30 16:09

@EveningStandard

Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year… https://t.co/Qqy7AflEvl

Posted on: 2022-09-30 16:06

@CharlieRose1

RT @standardnews: Thousands of Londoners have been warned they face a major mortgage “shock” with some paying an extra £10,000 a year as th…

Posted on: 2022-09-30 15:54

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