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The highest since january 2009. it could be one told the bank of england has to deal with the cost of living. the rise comes after the us central bank announced its biggest interest rate rise in nearly 30 years. with me now from the city is jane foley, head of strategy at rabobank. we know the cost of borrowing is going up and the banks are doing this to keep a lid on the zelensky cost of inflation, the question is whether this is enough and we should prepare ourselves for more rises on the way. prepare ourselves for more rises on the wa . ~ , ,., , prepare ourselves for more rises on thewa. ,...

11% in october. it was saying above 10% before but now it is saying above 11% and as you say, their fifth consecutive rise, the highest interest rates we have had since 2009 and in fact, you can say interest rates are now ten times what they were a year ago because in the pandemic, they were cut to 0.1%. 1.25% is still quite low, though. we have had emergency low levels of interest rates really since march 2009 which was supposed to be something that went on for a few months but it has stayed low because the bank of england has not really felt able to raise interest rates because of weak econo...

Hello, this is bbc news. our headlines just hello, this is bbc news. our headlinesjust after 2:30pm. boris johnson's former ethics adviser says he resigned last night because the prime minister put him in an "impossible and odious" in his resignation letter — lord geidt says he came close to quitting over the partygate scandal — but it was a request for advice on a separate matter that left him with no choice but to go. interest rates up again to 1.25% — the highest in more than a decade. the transport secretary has described next week's rail strikes as an act of self—harm by the union...

For the fifth time in a row. the base rate is going up a quarter of a percentage point — to 1.25% — its highest level in 13 years. the move is aimed at fighting high inflation amid soaring energy prices. our economics correspondent, andy verity, told me the raise was widely predicted but not welcomed by many people. a very big race mortgages the minority of householdss but some of them are locked into their mortgages because of the government has done and those people will be suffering each time there is a rise in rates. so this is now the highest interest rates have been since 2009, you c...

Political gain, lord geidt puts it quite clearly that it is unlikely to do so. . ~ i. ., ., , the bank of england has raised interest rates for the fifth time in a row. the base rate is going up a quarter of a percentage point to 1.25% — its highest level in 13 years. the move is aimed at fighting high inflation amid soaring energy prices. our economics correspondent, andy verity, is outside the bank of england for us now. andy, this was widely predicted? no, especially if you have a variable rate mortgage, but nevertheless some people are locked into their mortgages because of the governmen...