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UK interest rates

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The Bank of England building in London (file image)

Photo: The Bank of England building in London (file image)

Business & Finance

Bank of England raises interest rates to 4% in first hike in over three years as inflation heads towards 5%

The Bank of England has raised Bank Rate from 3.75% to 4% in its first increase since August 2023, warning that further rises are likely if the US-Iran conflict keeps energy prices high and inflation climbing.

Business & Finance · 5 Nov 2026, 5:21 pm