Bank of England raises rates to 4% for first time since 2023

Briefing by News4U · First published 2026-11-05 15:51:07 UTC

The Bank of England raised its base rate from 3.75% to 4%, the first increase in more than three years, as eight of nine MPC members voted to combat inflation driven by the Iran war; Governor Andrew Bailey warned of a possible further rise unless the conflict eases, while the Bank now projects UK inflation reaching 4.9% by mid-2027. [1] [2] [3] [4]

Sources

1. Bank of England raises interest rates to 4% in bid to tame inflation

   FT Markets · 2026-11-05 11:13:13 UTC · Summary only

2. Bank of England raises interest rates to 4%, the first increase for more than three years

   The Guardian · 2026-11-05 12:00:31 UTC · Full text

3. BoE raises interest rates to 4% in bid to tame inflation

   Financial Times · 2026-11-05 14:18:29 UTC · Summary only

4. The BOE Decides | Special Coverage

   Bloomberg · 2026-11-05 14:33:20 UTC · Summary only

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