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The story so far · 4 days, November 4 to 10, 2026
One Turn followed this story across 4 editions, from London, United Kingdom on November 4, 2026. Newest first.
The bank sets UK interest rates.
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The think tank Niesr said last week's small Bank of England rate rise risks keeping rates higher for longer. It says inflation could become more persistent.
Why it matters: It bears on UK mortgage and loan costs.
Sources: The Guardian · See it on the globe
The Bank of England raised interest rates to 4%, its first rise since 2023. Mortgages, credit cards and loans may cost more for millions. One homeowner told the BBC her mortgage would rise by £200.
Why it matters: Higher rates raise borrowing costs for UK households and businesses.
Sources: BBC Business, BBC Business · See it on the globe
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.
Sources: The Guardian, CNBC, BBC Business · See it on the globe
Analysts expect the Bank of England to raise rates from 3.75% to 4%. The pound hit its highest since the Brexit vote.
Why it matters: Mortgage costs may rise.
Sources: BBC Business, BBC Business · See it on the globe