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Event date: Confirmed

Bank of England raises its rate to 4%

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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.

Bank of England facade in London.
Archive photograph, 11 October 2021; does not show the November 2026 meeting. Michael C / Bacon Noodles, CC0; resized. — Michael C / Bacon Noodles / Wikimedia Commons — CC0 1.0, 11 octobre 2021 ; taille réduite.

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.

Sources 2