Interest rate rise in midst of cost of living crisis will leave many incredulous
The Guardian Business's headline. Reported by The Guardian Business, The Guardian World, The Guardian UK.
What the sources say, in brief
According to The Guardian, the Bank of England has raised interest rates to 4%, a decision the outlet describes as a big call for households during a cost of living crisis. The Guardian reports that the decision goes contrary to analysis from the Office for Budget Responsibility, which predicts lower inflation and little impetus for wage growth. The Guardian's headline suggests many people will find the rise hard to accept. The story is marked as developing. Three Guardian editions, from its World, Business and UK sections, carry the same headline and excerpt, so no outlet disagrees with another on the figures supplied. The supplied excerpts do not include further detail on the reasons for the decision or on reactions to it.
Key points
- The Guardian reports the Bank of England raised interest rates to 4%.
- The Guardian says the rise goes contrary to Office for Budget Responsibility analysis.
- The Office for Budget Responsibility analysis predicts lower inflation and little impetus for wage growth, according to The Guardian.
- The Guardian describes the rise as a big call when households are under cost of living pressure.
What we know
- The Bank of England has raised interest rates to 4%, according to The Guardian.
- The rise goes contrary to analysis from the Office for Budget Responsibility, according to The Guardian.
- The Office for Budget Responsibility analysis predicts lower inflation and little impetus for wage growth, according to The Guardian.
Generated from the headlines and excerpts below and checked automatically: any number or name not present in the sources rejects the summary, and each bullet is checked the same way. Version 2.
Interest rate rise in midst of cost of living crisis will leave many incredulous. According to The Guardian, the Bank of England has raised interest rates to 4%, a decision the outlet describes as a big call for households during a cost of living crisis. The Guardian reports that the decision goes contrary to analysis from the Office for Budget Responsibility, which predicts lower inflation and little impetus for wage growth. The Guardian's headline suggests many people will find the rise hard to accept. The story is marked as developing. Three Guardian editions, from its World, Business and UK sections, carry the same headline and excerpt, so no outlet disagrees with another on the figures supplied. The supplied excerpts do not include further detail on the reasons for the decision or on reactions to it. Covered by 3 publications. The Guardian Business: Interest rate rise in midst of cost of living crisis will leave many incredulous. The Guardian World: Interest rate rise in midst of cost of living crisis will leave many incredulous. The Guardian UK: Interest rate rise in midst of cost of living crisis will leave many incredulous.
Who is covering it
- The Guardian Business United Kingdom Interest rate rise in midst of cost of living crisis will leave many incredulous Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households 2 h ago · Tier 1
- The Guardian World United Kingdom Interest rate rise in midst of cost of living crisis will leave many incredulous Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households 2 h ago · Tier 2
- The Guardian UK United Kingdom Interest rate rise in midst of cost of living crisis will leave many incredulous Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households 2 h ago · Tier 2
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
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