Interest rates rise to 1.75% – the biggest jump in 27 years – as BoE warns UK faces long recession as high gas prices hit ...

The Bank of England has warned the UK will fall into recession as it raised interest rates by the most in 27 years. The ...

Bank of England Governor Andrew Bailey discusses the central bank’s historic interest rate hike and the outlook for U.K.

Britain will fall into a recession this winter that will last for more than a year the Bank of England warned today in a ...

It is the most piercing of warning sirens set off by the Bank of England. What the Bank actually did today was announce the ...

Households face the longest and deepest fall in living standards on record as energy bills triple and the UK plunges into a deep and protracted recession, the Bank of England has warned, in one of its ...

An interest rate hike of 0.5% is confirmed as the Bank of England takes its biggest step yet in the fight against inflation. The City expected rates to reach 1.75% in what was the biggest single ...

Governor of the Bank of England Andrew Bailey at the Bank of England, in London, Britain July 5, 2022. Stefan Rousseau/Pool ...

The Bank of England on Thursday defended its decision to hike rates at the fastest clip in 27 years, saying the U.K. faces a "very big" inflation shock.