Confirmed
Bank of England raises its rate to 4%
The Bank of England raised its policy rate from 3.75% to 4% on 5 November 2026, its first increase in more than three years.
Eight committee members supported a quarter-point rise; Catherine Mann preferred a half-point increase to 4.25%.
The Bank forecasts average inflation of 4.8% in the second quarter of 2027. That projection depends in particular on energy prices and the course of the Middle East conflict. The next decision is scheduled for 17 December.