BoE hiked interest rates by 25 bps to 4.0 pct - 2004-02-05
The Bank of England hiked interest rates by a quarter percentage point on Thursday for the second time in three months after its first warning given in November did little to cool the steamy British economy.

The hike will be a boon for savers but a bane for mortgage borrowers who will see their monthly payment rising by around 14 pounds a month on a typical 100,000 pound home loan.
Read the full story at Forbes

Soaring house prices to bump up loan rates - 2004-02-05
The Bank of England was last night set to raise interest rates for the second time in three months as it looked to counter a £100 a day rise in house prices.

With the latest figures from the Halifax, the UK's leading mortgage lender, showing property prices soaring last month, the City was braced for the first of a series of increases in the cost of borrowing to be announced later today.
Read the full story at Guardian Unlimited