The Bank of England has set interest rates at 3.75 per cent yet a cautious tone has led analysts to believe it could raise borrowing costs.

The Bank of England has set interest rates at 3.75 per cent yet a cautious tone has led analysts to believe it could raise borrowing costs.

Yields on 30-year UK bonds, known as gilts, climbed above 5.92 per cent, the highest level since 1998, while 10-year gilt yields rose above 5.29 per cent, the highest since 2008.