The Bank of England (BoE) is the UK's central bank. Our mission is to deliver monetary and financial stability for the people of the United Kingdom. The Bank of England has cut interest rates from 0.5% to 0.25% - a record low and the first cut since 2009. U.K. interest rates are doing something they haven't done in a decade: Going up. 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. The BOE raised interest rates for the first time in more than 10 years Thursday, a landmark move lifting borrowing costs from the lowest level on record. 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. Interest rates have been hiked by the Bank of England for the first time in more than a decade, even as wages are growing Bank of England Official Bank Rate (base rate), the current and historic interest rates of the Bank of England (BoE) Like other major central banks, the Bank of England slashed rates in response to the global financial crisis. U.K. interest rates are doing something they haven't done in a decade: Going up. Bank of England Official Bank Rate (base rate), the current and historic interest rates of the Bank of England (BoE) The Bank of England (BOE) raised interest rates for the first time in more than 10 years Thursday, a landmark move Analysts are unanimous in their belief that the Bank of England will hike interest rates on Thursday. U.K. interest rates are doing something they haven't done in a decade: Going up. The Bank of England Monetary Policy Committee voted 7-2 on 2 November 2017 to increase the Bank of England base rate to 0.5%. HMRC interest rates are linked to the The Bank of England has held UK interest rates at a record low of 0.5% for another month. The size of the Bank's economic stimulus programme, known as quantitative easing, was also kept unchanged at 375bn. 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. LONDON The Bank of England on Thursday raised interest rates for the first time in more than 10 years, as had been widely expected by market watchers around the world. The majority of the central bank's ratesetting Monetary Policy Committee voted to raise the UK's base rate of interest from 0.25% to 0.5%. The Bank of England was "forced" to raise interest rates last week. Inflation is sitting at 3%, well above the target threshold of 2%. The Bank's Monetary Policy Committee voted by 7 to 2 to hike rates for the first time since before the financial crisis The Bank of England has scrapped plans to cut UK interest rates and took a neutral stance as it raised its forecasts for growth and inflation in 2017. Bank of England has increased interest rates for the first time in a decade today to curb the growing inflation in the economy. The Bank of England has raised interest rates to 0.5% from 0.25%, marking the first increase since July 2007.