Bank of England raises rates to 4% for first time in three years

Briefing by News4U · First published 2026-11-05 12:21:27 UTC

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

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

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