Watch more of our videos on Shots!
and live on Freeview channel 276

The Bank of England has increased interest rates for an 11th consecutive time in the last 18-months following a sharp rise in inflation.

The Bank of England is set to raise interest rates for an 11th consecutive time following Wednesday’s surprise and unexpected leap in inflation. The announcement is expected to be made following the Monetary Policy Meeting at 12pm on Thursday (March 23).

Financial experts and analysts forecast rates will jump from 4% to 4.25%. A change that will have a knock on effect on some borrowers and savers across the country.

Bank of England set to raise interest rates once again in bad news for mortgages - following soaring inflation