Economy · London, United Kingdom · November 5, 2026

Bank of England raises rates to 4%

Reported by 3 outlets · first reported Nov 5, 11:01 AM ET

The Bank of England raised its key rate from 3.75% to 4%, the first rise in over three years. The governor signaled another rise soon to fight inflation. The bank warned inflation could near 5%. The pound hit its highest level since the Brexit vote.

Why it matters

Higher rates raise mortgage and loan costs for British households.

Background

Prices have risen since the Iran war pushed up energy costs.

The story so far

1. Nov 4UK interest rates expected to rise for first time in three years
2. Nov 5Bank of England raises rates to 4%
3. Nov 6Bank of England raises rates to 4%
4. Nov 10Think tank warns Bank of England rise too timid

Follow the whole story →

Sources

• The Guardian ↗Nov 5, 1:00 PM ET
• CNBC ↗Nov 5, 11:01 AM ET
• BBC Business ↗Nov 5, 12:09 PM ET

This summary was written automatically from the reporting linked above; follow the sources for the full story. How One Turn works.

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