Bank of England raises interest rate to 0.75 per cent — here’s what it means for homeowners
Millions of home owners were hit by another rise in mortgage bills this week as the Bank of England lifted its key interest rate to 0.75 per cent.
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ECONOMY
March 18, 2022 -
ECONOMY 
December 16, 2021 Bank of England preview: Nightmare on Threadneedle Street as MPC poised for big decision on rates
Its Monetary Policy Committee will decide at noon tomorrow, but the best guess is that it will hold them at 0.1%. The pressure on it is rising, especially after today’s surging inflation figures. Inflation is running at 5.1%. That is more than twice 2% the Bank’s target rate. Many in the City think it has got this all wrong.
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ECONOMY
December 12, 2021 Banks plan 50-YEAR home loans: Bank of England to relax mortgage rules to help first-time buyers in move that could send house prices soaring
Mortgage lenders are preparing to launch a raft of new products with lower hurdles for borrowers and fixed-rate terms of up to 50 years, The Mail on Sunday has learned.
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ECONOMY
September 23, 2021 City eyes on Bank of England ahead of key midday announcement
Last night the US Federal Reserve, the most powerful central bank in the world, kept interest rates at nearly zero. But it indicated that rate hikes might come sooner than it had previously suggested, and warned that the economic recovery from Covid is slowing.
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ECONOMY
July 15, 2021 Bank of England warns it could step in to curb rising inflation
The Bank of England may need to step in with early action to deal with rising inflation if price pressures persist, one of Threadneedle Street’s policymakers have said.
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ECONOMY
June 16, 2021 Rate of inflation passes Bank of England target as economy gets back in gear
The surge in the rate of inflation of the past couple of months showed no sign of slowing in May, hitting 2.1% as the cost of a range of goods picked up following the coronavirus crisis-induced slump for the economy.
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