Bank of England raises interest rates to 4%

ECB and BOE raise key interest rates

Europe's two largest central banks have raised key interest rates in a bid to tackle record high inflation. The decision by the European Central Bank and the Bank of England on Thursday was made after their policy meetings.

Bank of England raises main rate to 4%, but anticipates a shallower recession

The Bank of England Monetary Policy Committee on Thursday voted 7-2 in favor of hiking interest rates by 50 basis points with the main rate now at 4%. However the MCP indicated in its statement that smaller hikes and an eventual end to the hiking cycle may be in the cards in coming meetings. The two dissenting members voted to leave rates unchanged at this meeting.

Bank of England tourist rates to 4%

The Bank of England (BoE) raised its benchmark interest rate on Thursday by half a percentage point to 4 percent, its relaxation level since Autumn 2008.

Bank of England raises interest rates. Here's why

Bank of England has raised interest rates for the tenth-time in a row.

Bank of England raises UK interest rates to 4% – 14 year high

The Bank of England may have sounded a little less gloomy about the economy today - predicting that the recession will end sooner than it previously thought and that the rate of inflation will fall rapidly later this year. But, it still put its base interest rate up again -…

Fed rate increase gives another boost to savings accounts

All of the recent rate increases mean loans and credit card balances are more expensive. But if you have a savings account or certificate of deposit, you could benefit.