Interest rates hiked for first time in more than three years – but Bank of England cautious for next step
The Bank Rate is back up to 4%, but opinions are split over future movement
Last updated: 2026-11-05 · Cached: 2026-11-06 · 58 articles
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The Bank Rate is back up to 4%, but opinions are split over future movement
Most analysts expected the increase from 3.75% to 4%.
Last month the IMF upgraded its growth forecast for the UK. Why is the Bank raining on the parade?
Bank of England increases interest rates from 3.75% to 4% - the first rise in more than three years
The Bank’s Governor Andrew Bailey also warned that further hikes are likely if the Iran war is not resolved.
Ratesetters on the Monetary Policy Committee confirmed their latest bank rate decision today (5 November), raising rates to 4%.
There are concerns that higher inflation driven by the Middle East conflict and higher energy costs could become embedded in Britain's economy.
Worries about an inflation spike and a potential energy price shock this winter have led the Bank to raise rates. Here's what it means for households.
On Thursday, interest rates were hiked from 3.75 per cent to 4 per cent
Ronaldo, 41, scored 146 goals in 234 games for Portugal and won the 2016 European Championship as well as two Nations League titles.