Bank of England raises interest rates to 4% as inflation threatens
The first increase since 2023 brings fresh pressure on mortgage borrowers, with the Bank warning inflation could approach 5% next year and signaling another rise may follow.
Read the full story → · Latest coverage 5 Nov 2026, 0:35 pm UTC
Key moments · 5
Economist survey points to first increase since 2023
Bloomberg Economics ↗Millions face higher mortgage payments as fixed deals expire
Latest news, sport and opinion from the Guardian ↗Traders and economists split over future rate path
Bloomberg ↗New Bank inflation gauge offers reassurance before decision
Bloomberg Economics ↗Bank raises rates to 4% and signals further tightening
Bloomberg ↗








