Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Independent TV

Showing now | News

Bank of England expected to raise interest rates for 12th time in a row

01:10

Bank of England expected to raise interest rates for 12th time in a row

UK interest rates are expected to rise further this week as inflation remains stubbornly high, economists have said.

Experts and the financial markets widely expect the base rate to rise from 4.25 per cent to 4.5 per cent on Thursday 11 May, representing a 0.25 percentage point increase.

It would be the 12th time in a row that policymakers at the Bank of England have raised rates, making it even more expensive to borrow and pushing banks to lift savings rates.

Click here to sign up for our newsletters.

Up next

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in