UK Interest Rates Rise

[arista]

Had to start.


The Bank of England has announced
a pre-Christmas interest rate hike from 0.1% to 0.25%.


https://news.sky.com/story/bank-of-england-announces-pre-christmas-interest-rate-hike-12497280

[smudgie]

I remember the heady days when you got 10% on your savings.

[arista]

I remember the heady days when you got 10% on your savings.


Yes a better time



3 years wait for this little change.

[Cherie]

Bet they wont pass this on to savers but anyone with a mortgage will get a hit straight away

[arista]

UK Inflation 5.1%


Netherlands 5.6%


USA Inflation 6.8%


Turkey Inflation 21%

Ref: CNN HD Business

Turkey has raised the minium wage.

[arista]

Bank of England set raise the rate again on Thursday
reported on the media.

[Cherie]

has to happen, will they pass it on to savers though

[smudgie]

Ok, so I forgot to pay the visa online over xmas and new year, 5 days late and they charge £62 interest.
So, they have lots of bobs in our savings and we get pretty much nowt.
Bloody banks:fist:

[arista]

Today at midday we find out if there is a new rise.

[Cherie]

Ok, so I forgot to pay the visa online over xmas and new year, 5 days late and they charge £62 interest.
So, they have lots of bobs in our savings and we get pretty much nowt.
Bloody banks:fist:

cheeky barstewards

[arista]

It has Risen to 0.5%

[arista]

[The Bank of England has raised
interest rates for the second time in
three months in a bid to cool soaring prices.

The increase to 0.5% from 0.25% comes as
households face soaring energy bills
and rising costs to the weekly shop.

Prices are currently climbing at the fastest
rate in 30 years, and there are fears
that the pace will accelerate.]

https://www.bbc.co.uk/news/business-60197463


We have 7% Inflation at this time.

[arista]

Another Rise Expected today.


[The Bank of England is expected to raise
interest rates back to its pre-pandemic levels today
as it tries to dampen the UK’s inflationary surge.

The City widely anticipates the BoE will hike
borrowing costs for the third meeting in a row,
up to 0.75% at noon today,
the highest since March 2020, despite the economic
uncertainty created by Russia’s invasion of Ukraine.]


Ref :Guardian Business

[rusticgal]

They said yesterday we can expect 6 more rises this year...

[Cherie]

I hope people locked in their mortgage rates

and about time they passed on these rises to savers.....


some savings accounts are on 00.1%

[Cherie]

Just noticed I am a broken record on this thread :worry:

[arista]

Now 0.75%

[arista]

Expected to Rise today to 1%

[arista]

Halifax apologises after interest rate email blunder


https://www.bbc.co.uk/news/business-61320828



Jumping the Gun.


[Halifax has said sorry after it sent emails to
customers incorrectly saying that the
Bank of England had raised interest rates.
Some mortgage customers received a message
on Tuesday saying "the Bank of England
base rate has changed today".]

[thesheriff443]

Just noticed I am a broken record on this thread :worry:

Sounds like you got a lot of savings :laugh:

[Cherie]

Sounds like you got a lot of savings :laugh:

we had a little unexpected windfall recently :pipe: (not lottery)

[thesheriff443]

we had a little unexpected windfall recently :pipe: (not lottery)

I’m pleased for you, don’t buy any football shirts :joker:

[Cherie]

I’m pleased for you, don’t buy any football shirts :joker:

Thank you! it was no where near that region of dosh unfortunately but yeah I wont!

[arista]

Now at 1%

[arista]

https://i.dailymail.co.uk/1s/2022/05/05/12/57441601-0-image-m-17_1651751004990.jpg


[Bank of England's new doom-laden warning
for the economy: Unemployment will rise,
inflation will hit TEN PERCENT and post-Covid
growth will stagnate - as interest rates
rise AGAIN to a 13-year high of 1%

The Bank of England has raised interest rates to a
13-year high of 1 per cent warning of inflationary threat
The Bank warned that headline inflation rate is set
to top 10 per cent this year and economy is stalling
First forecast since the Ukraine war began
highlights fears of lower growth
and pain for years to come]

https://www.dailymail.co.uk/news/article-10785039/Bank-England-expected-hike-rates-13-year-high-today.html

[arista]

https://livecenterimagesnorth.azureedge.net/lc-images-2021/lcimg-f6cafaf4-d588-457c-9147-c16fecfdd01c.jpg?bypass-service-worker&

[arista]

It is expected of the Bank of England
to follow USA Rate Rise, today.

[arista]

We are now at 1.25%



Up to a small amount
compared to USA

[arista]

[Bank of England is set to make biggest hike
in interest rates for 27 years to 1.75 per cent
tomorrow as experts warn inflation
could hit 15 per cent
Bank of England may raise interest
rates in aim to bring inflation under control
Previous predictions forecast that
inflation would peak at around 11 per cent
But the Resolution Foundation today
warned further financial misery may come
Report finds it is 'plausible' that inflation
could rise to 15 per cent at start of 2023]


https://www.dailymail.co.uk/news/article-11077467/Bank-England-set-make-biggest-hike-rates-27-years-1-75-cent-tomorrow.html

[The Slim Reaper]

The country is already on it's arse after 12 years of austerity crippling us. There will be riots in the streets pretty soon. The wealth of the richest 85 people in the world, is now the equivalent of the poorest 3.5 billion. We need a French style revolution once and for all.

[bots]

when i was a lad it was over 20%

[The Slim Reaper]

when i was a lad it was over 20%

Was that before or after you fought in the battle of Hastings? :smug:

[bots]

Was that before or after you fought in the battle of Hastings? :smug:

Battle ... the name of the place that it actually happened (funnily enough :laugh:) is about 15 miles from me

[arista]

1:25% to 1.75%


Just announced

[arista]

[Interest rates rise to 1.75% in biggest hike for 27 years]

https://news.sky.com/story/interest-rates-rise-to-1-75-in-biggest-hike-for-27-years-12665163

Bank Of England :
Recession predicted to happen soon
to last more than a year
due to energy increases price

[arista]

Bank of England Conference
now Live

SkyNewsHD
BBCnewsHD

[MTVN]

Over year of recession and rampant inflation, what a time to be alive :notimpressed:

[arista]

Over year of recession and rampant inflation, what a time to be alive :notimpressed:


Over the next year, Truss
must help us better


Like as soon as she is leader
A Budget

[arista]

Press ITV news
asked about Truss
and tax cuts and a budget.

The Bank Of England
will not speak on the Race.

[arista]

Many Reporters are saying we need an Emergency Budget

[bots]

rampant inflation is great if you can still manage to afford the essentials

[Cherie]

Over year of recession and rampant inflation, what a time to be alive :notimpressed:

Seen it all before, dont worry about it :laugh: just invests in some vests and woolly jumpers while you can

[joeysteele]

Very worrying times.

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/12598/production/_126206157_ft0508.png

[arista]

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[arista]

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[arista]

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[arista]

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[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/B450/production/_126206164_express0508.png

[arista]

Half a percent rise

so from 1:75% to 2:25%

Next BOE meeting, due in 2 months
so November


https://www.bbc.co.uk/news/live/business-62968429

[smudgie]

Ok if you have savings, but not good for anything else.

[arista]

In NYC
the Bank of England Governor
warned rates may have to rise higher, soon

[arista]

SkyText :
[The Bank of England is expected to hike
its base rate by the most since Black Wednesday,
The Daily Telegraph says.]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-d90dca98-e3bd-4c24-b547-2baf38682e15.jpeg

[Zizu]

One financial bod said this will be short lived and early 2023 the interest rates will plummet as we will be in deep recession


Sent from my iPhone using Tapatalk Pro

[bots]

we have been in deep recession before and still had high interest rates. Interest rates are increased to encourage large investors to buy sterling rather than the dollar, euro etc. So our interest rates will only come down when other countries interest rates are also reduced. It's a world event, not internal country specific

[Zizu]

we have been in deep recession before and still had high interest rates. Interest rates are increased to encourage large investors to buy sterling rather than the dollar, euro etc. So our interest rates will only come down when other countries interest rates are also reduced. It's a world event, not internal country specific


This guy said we were in an identical situation the same thing happened in 2008 and it was proven to be a mistake to put the interest rates up … it was a worldwide problem then as well ..


Sent from my iPhone using Tapatalk Pro

[arista]

Now at 3%


Was at 2:25%

[smudgie]

I think the rises will slow down now.
Possibility of it going up to 4 and a half percent rather than the 6% earlier predicted.

[arista]

I think the rises will slow down now.
Possibility of it going up to 4 and a half percent rather than the 6% earlier predicted.


Yes could be.


For some it will hit hard
as Banks Jump fast.

[giLgt_aatiss]

It looks like a joke when you remember what the numbers were like 5 years ago. Sorry if my comment triggers someone here, I know a little about this topic, and now I see that economics is getting falling apart. I can't understand why the government could allow this situation and such a low quality of life for the citizens. My parents worked all their life, and they still don't have the possibility to buy any property in the USA. One of the good things is that they can't apply for a mortgage for a lower interest because of their age. Now I help them with Mortgage Advice Newcastle (https://newcastlemoneyman.com) company to receive a mortgage and buy a new house.

[Zizu]

It looks like a joke when you remember what the numbers were like 5 years ago


I can remember paying 15% interest on our mortgage !!


Sent from my iPhone using Tapatalk Pro

[arista]

Now at 3.5%


https://news.sky.com/story/bank-of-england-imposes-ninth-consecutive-interest-rate-rise-to-tackle-inflation-12768395

[The Bank of England has revealed a 0.5 percentage
point interest rate increase - its ninth consecutive
rise as it maintains its battle against inflation.

The decision, by its monetary
policy committee (MPC), took the
bank rate to 3.5%.- a fresh high not seen
since the 2008 financial crisis.]

[Zizu]

Now at 3.5%


https://news.sky.com/story/bank-of-england-imposes-ninth-consecutive-interest-rate-rise-to-tackle-inflation-12768395

[The Bank of England has revealed a 0.5 percentage
point interest rate increase - its ninth consecutive
rise as it maintains its battle against inflation.

The decision, by its monetary
policy committee (MPC), took the
bank rate to 3.5%.- a fresh high not seen
since the 2008 financial crisis.]


Still nothing to what we had to tolerate a while back .. 15% or 16% !!


Sent from my iPhone using Tapatalk Pro

[user104658]

Still nothing to what we had to tolerate a while back .. 15% or 16% !!


Sent from my iPhone using Tapatalk Pro

The highest ever UK interest rates were 17% back in the late 70's - when house prices were on average about 3x average salary.

House prices are now more than 10x average salary.

It's not even vaguely comparable.

[bots]

it was 17% base rate which meant most mortgages were over 20% and things like credit card interest were obscene

[user104658]

it was 17% base rate which meant most mortgages were over 20% and things like credit card interest were obscene

The housing market was completely different, the vast majority of homes were either owned or social housing, and it was feasible to own a decent-sized family home on an average income. A single average income. Trying to compare housing situations from the past to the current situation is just disingenuous. That's not even to say there haven't been obvious housing issues in the past - but certainly not a like-for-like situation where you can compare the care interest rate numbers and draw any sort of conclusion.

[bots]

it was during the period of high inflation back then when housing became more of a challenge to anyone

[user104658]

it was during the period of high inflation back then when housing became more of a challenge to anyone

I mean that's clearly not true either, as I said there have been ups and downs but the housing market in most of the country was more accessible to normal working people well into the early 2000's (comparatively to now).

Heck, when I inherited a measly £35,000 less than a decade ago I was looking at grotty flats that I could have bought outright (not to live in, to rent out) but I decided against it. The same flats today are selling for 6 figures - it's absolutely insane.

[arista]

Now at 4%


[Bank of England hikes interest rates
by 0.5 percentage points in tenth consecutive rise]


https://news.sky.com/story/bank-of-england-hikes-interest-rates-by-0-5-percentage-points-in-tenth-consecutive-rise-12801269

[Zizu]

Now at 4%


Fear not .. we lived through rates of 15% and higher .. and survived


Sent from my iPhone using Tapatalk Pro

[arista]

Fear not .. we lived through rates of 15% and higher .. and survived



Live Debate SkyNewsHD
said back then, benefits to the poor
worked better.

So you can not compare the times.

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-ace4841b-5841-4caa-8d67-f185151310b9.png

[arista]

https://pbs.twimg.com/media/FoDm5G8WYAAM6K3?format=jpg&name=900x900

[arista]

Another Rise today of 0.25%

4:25% Now



The Bank of England has increased the Bank Rate to 4.25%

https://news.sky.com/story/bank-of-england-raises-interest-rate-by-quarter-point-after-surprise-leap-in-inflation-12840547

[arista]

A Lady on ITV1HD Lunch News
said she has got rid of one car.
She said her Bank is slow at making any good changes.

She does not rule out getting rid of their main car.

Her House Matters to them.

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-262829ee-d87b-4a67-9ebc-c9f78b1d414d.jpeg

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-1cb49739-4d8b-47b0-94a3-025192e38628.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-01bbad9a-0a84-49c6-8028-fabdf83c8dab.png

[arista]

Another Rise today of 0.25%

4:25% Now



The Bank of England has increased the Bank Rate to 4.25%

https://news.sky.com/story/bank-of-england-raises-interest-rate-by-quarter-point-after-surprise-leap-in-inflation-12840547


Ch4HDnews
say this Thursday they are expected to go up
again.

[UserSince2005]

Glad I paid all my mortgages off

[smudgie]

I just can’t fathom how this brings inflation down by many degrees.
Ok for us mortgage free savers but absolutely hell for everyone else.
As quick as the young ones save for a decent house deposit the rates go up.

[arista]

4.25 to 4.5%

Rise today


[Bank of England interest rate increased
0.25 percentage points to 4.5%

The central banks now forecasts
no recession this year,
upgrading its economic growth forecasts by more
than any of its previous reports.]

https://news.sky.com/story/bank-of-england-interest-rate-increased-0-25-percentage-points-to-4-5-12878186

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-7ae81bb1-ac1b-42b4-ada3-41dda6f4359f.jpeg

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-70e3e2e0-e38d-46af-8dde-b39b39923f57.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-a57f636b-1422-4212-acfa-c6f40f2b0419.jpeg

[arista]

The Online Paper:

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-248ae1dc-e1e6-4a74-9605-8e4c1d75eb9b.jpeg

[Zizu]

Apparently despite the interest rates rise and Inflation moving up still … the supermarket chains have had a crisis meeting yesterday and have announced that the cost of food / toiletries and everything else will be dropping substantially now over the coming months !?!!

I really don’t understand anything that goes on in the financial world these days .


Sent from my iPhone using Tapatalk Pro

[arista]

Sky News Text:
[Experts Encouraging Banks to pause another interest rate hike
which could even see the base rate hit 5%,
according to analysts.]

Due This Thursday


https://liveblog.digitalimages.sky/lc-images-sky/lcimg-37269d31-dbb9-4371-bc49-c50f110769fe.jpeg

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-ee7b59eb-390a-41a6-ab6c-b428f336c458.jpeg

[Cherie]

The banks do not need to pass on every interest rate hike to people with mortgages, they are very slow to pass it onto savers its just greed on their part, they would be better off holding off so people can pay rather than going down the repossession route

[bots]

as far as the government and the BoE are concerned, the faster it applies, the better. That's how they reduce inflation.

[arista]

The banks do not need to pass on every interest rate hike to people with mortgages, they are very slow to pass it onto savers its just greed on their part, they would be better off holding off so people can pay rather than going down the repossession route


Yes a Fella
just on LBC Live

Said take away the Bank of England's Power
let the Government take over.

And give more money to energy Heating bills

[bots]

but that won't get inflation down

[arista]

but that won't get inflation down

Yes, but many could lose their homes,


And Builders are sitting on Land
Not Building in fear, they could go under.

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-e7fac9fd-caab-446b-a2e0-ea377748f6dc.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-1b8611df-2e7f-4e12-b6c1-6ba933c9eba9.jpeg

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-87983bd4-8a64-4a7f-92ca-9e326db63c1b.jpeg

[arista]

Sky News Text:
[Millions of mortgage holders are braced
for interest rates to go up for the 13th time in a row]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-52accd58-1130-48e0-8e82-0659904302e9.jpeg

[bots]

it's as i said previously. The whole point of interest rate hikes is to take the heat out of the economy to reduce inflation, and that will be painful to many people. That is the only way to reduce inflation

[arista]

UK Interest Rate has Risen to 5%


[Bank of England: Interest rates rise to 5%
The Bank of England has raised interest rates for
the 13th time in a row.
This is a rise of 0.5 percentage points - bigger than expected.
It was a majority vote from the Bank.]

[arista]

[The Bank of England has raised interest rates
by a half point to 5% as it intensifies its
efforts to tackle stubbornly high inflation,
adding to the strain on households
struggling with soaring mortgage costs.

In what will be seen as a major move,
the Bank’s monetary policy committee
increased rates for the 13th consecutive time
to the highest level since April 2008.
Before the decision was announced,
financial markets were evenly split
on whether the Bank would vote for
a half-point rise or a smaller
quarter-point increase.]


https://www.theguardian.com/business/2023/jun/22/bank-of-england-raises-interest-rates-by-a-half-point-to-5

[arista]

PM Sunak Live in Kent


SkyNewsHD now
Also LBC and all Media.


In a Big Builder's Warehouse

He mentions his New 5 Part plan.

[arista]

"Once we get it down"?

He kept claiming.

Taking questions from workers
then the Media.

[arista]

Cocky Git

"I created Energy Security"

PM Sunak said.


He took another worker's question
who asked why his grandmother
has to wait 6months to see the GP.


PM never answered that
other than to say he has a plan?

[arista]

https://win-12731-s3.s3.eu-west-2.amazonaws.com/assets/cache/thumbnails/9e7bc23eeb7fdb5d33107aa793ecedb4.png

He is at the Wincanton in Kent.

[Wincanton plc is a British provider of logistics
with its origins in milk haulage.
The company provides transport and logistics services
including specialist automated high bay,
high capacity warehouses,
and supply chain management for businesses.
It also provides container transportation
and storage, warehousing solutions and related services,
such as health and safety, IT services
and people transition to numerous industries.]


https://en.wikipedia.org/wiki/Wincanton_plc

[arista]

Peston ITV
asks is it OK for a recession?
Why did he not vote on Boris Johnson.


Sunak PM
Tells Peston we are not in a recession.............

As Peston knows, Sunak was at a Charity Dinner.
so could not vote

[arista]

SkyNews
Will he halve inflation?

Will is cost him the Election.


Sunak's keeps saying in 6months or 9months
you will see?

[arista]

GBnews

Sunak told him off (Tom Harwood, aged 26)
for doing 3 Multiple Questions


PM Sunak will not do the labour plan
of big borrowing

[arista]

BBC
Asks it will Not be OK
if he does not get inflation down


Sunak
says it will take time.

[arista]

FT Newspaper

Has the Bank of England moved to slow?


Sunak PM
says he backs the Bank

[arista]

Last Question

Telegraph Newspaper
asks
Is there now a Zero Chance of a Tax Cut?



Sunak PM wants to halve inflation.
That is his tax cut?

[arista]

UK Interest Rate has Risen to 5%


[Bank of England: Interest rates rise to 5%
The Bank of England has raised interest rates for
the 13th time in a row.
This is a rise of 0.5 percentage points - bigger than expected.
It was a majority vote from the Bank.]



Next, the end of this year
it is expected to go
to 6%.
SkyNews Business Reporter Ian King
stated


Also he stated in the USA is at 4%
now.

[arista]

PM Sunak talking to the workers

https://twitter.com/BBCPolitics/status/1671879687407276032

[arista]

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[arista]

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[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/3EA6/production/_130183061_guardian-nc.png.webp

[arista]

Chancellor, Jeremy Hunt
Claims today you can Extend your Mortgage
then go back, to your old setting of a Mortgage
with No Penalty.

https://www.bbc.co.uk/news/business-65990833



[Mr Hunt said the six-month flexibility
on switching terms would not affect credit scores
as it may have done previously. ]

[Cherie]

Chancellor, Jeremy Hunt
Claims today you can Extend your Mortgage
then go back, to your old setting of a Mortgage
with No Penalty.

https://www.bbc.co.uk/news/business-65990833



[Mr Hunt said the six-month flexibility
on switching terms would not affect credit scores
as it may have done previously. ]

people can also go interest only, at least they are trying to help though its not going to help renters if landlords pass on increases

[arista]

people can also go interest only, at least they are trying to help though its not going to help renters if landlords pass on increases


Yes Martin Lewis
got some changes he asked for

[arista]

https://twitter.com/GMB/status/1672154217065205760

[arista]

https://pbs.twimg.com/media/FzTRsIpXgAE1W3z?format=jpg&name=900x900

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/1778B/production/_130193169_dailymail_page-0001.jpg.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/1296B/production/_130193167_ft_page-0001.jpg.webp

[arista]

Hunt was just Live.

Speaking in Parliament.


Rachel Reeves Labour Shadow
now Live
Asking about renters

SkyNewsHD
Parliament HD Live Ch.

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/8E0C/production/_130246363_i-nc.png.webp

[arista]

BBC News Text:
[There may be further misery for
mortgage holders this year,
according to the i newspaper, which says the
Bank of England is forecast to raise its
base rate four more times in 2023
to tackle stubbornly high inflation.]

https://ichef.bbci.co.uk/news/976/cpsprodpb/2196/production/_130289580_i-nc.png.webp

[arista]

Sky News Text :
[Big lenders will hike UK rates again as
7% mortgages are forecast for this summer,
i reports.]
https://liveblog.digitalimages.sky/lc-images-sky/lcimg-23655812-6516-43bf-bc68-9ecffec9b8c3.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-586091e3-1909-4573-97fa-ec94ce96ccc6.png


[Average mortgage rates have fallen for
the first time in months.
Both two and five-year fixed-rate deals have dropped,
according to data from financial information
company Moneyfacts.
The average rate on a two-year fixed deal
is now 6.79%, down from 6.81% on Wednesday,
while the average five-year rate dipped to 6.31%,
a decrease from 6.33% on the day before.
Rates haven't fallen since the spring.]

https://news.sky.com/story/average-mortgage-rates-fall-for-the-first-time-in-months-12924049

[arista]

Bank of England has increased the rate today
to 5:25%



[Bank of England increases interest rate
for 14th time in a row to 5.25%]

https://news.sky.com/story/bank-of-england-increases-interest-rate-for-14th-time-in-a-row-to-5-25-12932441

https://www.theguardian.com/business/2023/aug/03/budget-retailer-wilko-makes-administration-move-risking-12000-jobs

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-a5a5c607-730c-4646-9bbb-b91509e1c903.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-b85b33d0-af57-4f90-bb36-9615dbf8f781.png

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-baa91c76-4db1-47a8-be32-f0da1ee1cd73.png

[arista]

BBC News Text :

[Bank of England boss, Andrew Bailey,
has signalled the UK could avoid further
interest rate rises.
The paper also reports the world has been
put "on alert" after experiencing
"its hottest season since records began".]

https://ichef.bbci.co.uk/news/976/cpsprodpb/165B2/production/_131007519_pink_1front_20230907_300_page-0001.jpg.webp

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/7F3A/production/_131007523_ithursfront.jpg.webp

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-0bcfc7fe-e6d6-46c2-83d5-361820cdc575.png

[arista]

3/8/23:
Bank of England has increased the rate today
to 5:25%



[Bank of England increases interest rate
for 14th time in a row to 5.25%]

https://news.sky.com/story/bank-of-england-increases-interest-rate-for-14th-time-in-a-row-to-5-25-12932441

https://www.theguardian.com/business/2023/aug/03/budget-retailer-wilko-makes-administration-move-risking-12000-jobs


Today 2/11/23
6 members said keep the Rate on hold
only 3 members want it to rise/.
Of the BOE Committee

Ref : Ian King, City Editor, SkyNewsHD Live

So 5.25% staying the same
no change

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-b44b0c59-54ba-4fe8-893e-cfde55e2d6c6.png

[OnTheRight]

Keep rising, it's good for my rainy day money. :)

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/7074/production/_133288782_mediaitem133288781.jpg.webp

Today
Bank of England tells us
what they want

No change
Down or up?

[arista]

Staying at 5.25%
6months of no change.

Inflation is used as a reason.

[arista]

https://ichef.bbci.co.uk/news/976/cpsprodpb/5AC7/production/_133293232_mediaitem133293231.jpg.webp

And

https://ichef.bbci.co.uk/news/976/cpsprodpb/91DB/production/_133293373_mediaitem133293372.jpg.webp

[arista]

https://liveblog.digitalimages.sky/lc-images-sky/lcimg-2f49a8aa-55e4-45a9-9ef3-a9ff99fdcc36.png

[arista]

Despite the USA
yesterday,
reducing its rates by half a percent.

The UK Bank of England
has kept the 5% interest rate



After 4 years, the USA took off half a percent.
https://www.bbc.co.uk/news/articles/cz04md0zdrno

[arista]

Today Interest Rates Cut to 4:75%

That Bank of England is Live now
on TV news

He stated Inflation will go up
in the next few months