Economy
Bank of England raises benchmark interest rate to 4% per year
The 0.25 percentage point hike is the first in over three years and strains borrowers' budgets amid rising energy costs.
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The essentials of this story
- What happened
- The UK benchmark interest rate was raised by 0.25 percentage point, reaching 4.00% per year.
- Who is affected
- Mortgage borrowers, consumers, and businesses in the United Kingdom.
- What changes
- The cost of loans and mortgages increases, while return rates for savers tend to improve.
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Sources
- Bank of England expected to raise interest rates for first time in three years today – business live — The Guardian — negócios
- Interest rates expected to rise for first time in over three years — BBC News — principais
- Banco da Inglaterra eleva juros a 4,00% ao ano, 1º aumento desde 2023 — Poder360
- Bank of England raises interest rates to 4%, the first increase for more than three years — The Guardian — negócios
