Bank Of England Interest Rate Decision

What happened

The outlets' own sentences, most widely reported first. Hover or tap one to see who reported it.

Analysis

How it changed

1. 16 Sep

   Bank of England set to keep interest rates on hold despite rising inflation

   2 outlets · Evening Standard
2. 17 Sep

   The average five-year fixed-rate homeowner mortgage on the market was at its highest level since November 2023 on Thursday, according to financial information website Moneyfacts.

   3 outlets · Evening Standard

Coverage 10 articles

• 18 Sep Bank of England holds rates at 3.75% but warns borrowing costs may need to rise in coming months amid inflation fearsThe Bank of England kept interest rates at 3.75% for the sixth consecutive meeting despite concerns over surging inflation due to high energy prices. Governor Andrew Bailey acknowledged that if energy costs remain elevated, future rate hikes may become necessary. The committee voted with six members supporting the current rate and three favoring an increase. Inflation reached 3.1% in August from 2.9% in July…Daily Mail
• 18 Sep Bank of England goes it alone as rates left on hold: Bailey hints at November hike as inflation pressures buildThe Bank of England decided to keep interest rates unchanged at 3.75%, despite growing inflation pressures and rising energy prices due to the conflict in Iran. Governor Andrew Bailey hinted at a potential rate hike in November if the Middle East situation persists, while emphasizing limited evidence of broader economic inflation impacts. This decision comes as other major central banks have already increased their…Daily Mail
• 17 Sep London stocks rise as investors digest Bank of England’s ‘hawkish’ holdLondon stocks increased on Thursday as investors responded to the Bank of England’s decision to keep interest rates at 3.75%, despite a shift in tone towards potential future hikes. The FTSE 100 index rose by 127.67 points, marking a 1.2% increase, while the FTSE 250 gained 281.94 points, also up 1.2%. Economic analysts noted that five of six committee members who voted to maintain rates indicated conditions under…Evening Standard
• 17 Sep Interest rates held at 3.75% but Bank warns Iran war could mean future hikeThe Bank of England has maintained interest rates at 3.75%, despite concerns about rising inflation due to the Iran war and volatile global energy prices. Six members of the MPC voted to keep rates steady, while three advocated for a hike to 4%. The committee warned that CPI inflation could peak at around 4% by early 2027, up from their previous forecast of 3.2% by year-end, citing second-round effects like higher…Evening Standard
• 17 Sep Interest rates held at 3.75% but Bank warns Iran war could mean future hikeThe Bank of England maintained interest rates at 3.75%, despite a split vote among its monetary policy committee, with six members favoring stability and three advocating for a hike to 4%. The decision comes amid warnings that ongoing conflicts in Iran could lead to future rate increases due to rising inflation pressures from volatile energy prices. Economists predict a significant chance of an interest rate hike by…Evening Standard
• 17 Sep Burnham has to sell Bank rate rises as ‘breathing space’ – good luck with thatThe Bank of England’s monetary policy committee left interest rates unchanged at 3.75% for now but indicated they may increase due to ongoing conflict in the Middle East pushing oil prices above $100 a barrel. This complicates Prime Minister Andy Burnham's efforts to reassure voters, as rising inflation and energy costs could undermine recent cost-of-living measures despite his intentions to focus on domestic issues…The Guardian
• 17 Sep Homebuyer caution expected this autumn despite base rate holdHomebuyers are expected to remain cautious as autumn approaches, despite the Bank of England keeping its base rate at 3.75%. Financial experts note that recent increases in fixed mortgage rates to an average of 5.87% have made the housing market more price-sensitive, with buyers exercising careful consideration due to higher costs. Sellers are advised to set realistic prices given the abundance of available…Evening Standard
• 17 Sep Brits face interest rates pain in Labour's 'winter of discontent' as pressure mounts on BoE to curb surging inflation... but will it act today?Brits are experiencing financial strain due to rising interest rates and inflation, as the Bank of England is set to announce its decision today on whether to change the current base rate of 3.75%. Most analysts expect no immediate change, but pressure is building for the bank to act soon amid escalating energy costs from the Middle East crisis. The article highlights that mortgage payers are already suffering and…Daily Mail
• 17 Sep Interest rates hold expected but Bank of England facing tough choicesThe Bank of England's Monetary Policy Committee (MPC) is expected to maintain the benchmark interest rate at 3.75% for a sixth consecutive meeting despite rising inflation and global economic pressures. As oil prices remain above $100 per barrel due to continued conflict in the Middle East, economists are uncertain whether the MPC will raise rates before year-end. The Consumer Prices Index (CPI) rose to 3.1% in…BBC
• 16 Sep Bank of England set to keep interest rates on hold despite rising inflationThe Bank of England is expected to maintain interest rates at 3.75% during its upcoming meeting on Thursday, despite rising inflation that reached a five-month high of 3.1% in August. Three members of the Monetary Policy Committee (MPC) previously voted to increase rates to 4%, and economists suggest this pressure will continue as household energy bills are set to rise by 4% from October. While some experts believe…Evening Standard

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