Bank of England Raises Interest Rates to 4% — First Hike Since 2023
The Bank of England has raised interest rates to 4%, its first increase in over three years. The Bank’s Monetary Policy Committee voted 8-1 on Thursday, November 5, 2026, to lift Bank Rate by a quarter of a percentage point from 3.75%, warning that at least one more rise is likely if the US-Iran conflict…