The Bank of England has raised interest rates for the first time in a decade to head off rising inflation putting the squeeze on UK households. For the first time in more than a decade, the Bank of England is widely expected to raise interest rates later on Thursday. The Bank of England has decided to keep the benchmark UK interest rate at 0.25%, with it having been close to zero for a number of years. The Bank of England has increased its key interest rate from a record low of 0.25% to 0.5%. The Bank of England has raised interest rates to 0.5% from 0.25%, marking the first increase since July 2007. The Bank of England has raised its trend-setting Bank Rate as expected to 0. The official bank rate (also called the Bank of England base rate or BOEBR) is the interest rate that the Bank of England charges Banks for secured overnight lending. The Bank of England's top economists today voted to raise its key interest rate, bringing to an end an extraordinary 10-year period without a hike despite Welcome to Bank of America, ... Our purpose is to help make financial lives better through the power of every connection. We share tips and information about the Bank of England's decision plus find out more deals and offers Our mission is to deliver monetary and financial stability for the people of the United Kingdom. Here's how the interest rate rise will affect you. Monetary policy committee is split 8-1 as members decide base rate of 0.25% is appropriate for post-referendum economy Bank of England keeps main interest rate at 0.5 percent; decision was expected after last month's first hike in a decade. The Bank of England holds UK interest rates at a record low of 0.5% for another month, and keeps its quantitative easing programme at 375bn. Analysts are unanimous in their belief that the Bank of England will hike interest rates on Thursday. The Bank of England voted unanimously to keep the Bank Rate at 0.5 percent on December 14th as widely expected, following a 25bps hike in the previous meeting. The Bank of England (BOE) raised interest rates for the first time in more than 10 years Thursday, a landmark move after The changes to customer rates are underway after the Bank of England's Monetary Policy Committee announced at noon it would hike the base rate Bank of England Official Bank Rate (base rate), the current and historic interest rates of the Bank of England (BoE) Bank of England pushes up interest rates to 0.5% heres how the first rise for a decade will affect you. The Bank of England (BoE) is the UK's central bank. Analysis & trends for UK Bank of England Official Bank Rate (UKBRBASE) including current rate, chart, profile, news and other data. The changes to customer rates are underway after the Bank of England's Monetary Policy Committee announced at noon it would hike the base rate The Bank of England has raised its trend-setting Bank Rate as expected to 0. The Bank of England has the task of setting base interest rates to try and meet the governments inflation target of 2%. Bank rate: 0.25%: Interest ... the subscribers were to be incorporated by the name of the Governor and Company of the Bank of England.