Bank of England raises interest rates to 4% in bid to tame inflation
Headline from Financial Times · First reported Nov 4, 5:47 AM ET () · Updated Nov 5, 9:04 AM ET · 7 sources, 13 articles
What's being reported
The Bank of England (BoE) raised its benchmark interest rate to four per cent on Thursday, the first increase in more than three years, as soaring energy costs push up global inflation. The central bank tightened borrowing costs by a quarter point, catching up with the US Federal Reserve and the…
Summary from Dawn. Read every outlet's version below.Same story, different headlines
Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation
No right-leaning outlet in our sources has covered this yet.
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Bank of England Raises Rates for First Time in Three Years
The central bank increased interest rates for the first time in more than three years and warned that inflation would climb to about 5 percent next year, far above its target.
Interest rate rise in midst of cost of living crisis will leave many incredulous
Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when…
Bank of England lifts rate for first time since 2023 to fight inflation
The Bank of England (BoE) raised its benchmark interest rate to four per cent on Thursday, the first increase in more than three years, as soaring energy costs push up global inflation. The central bank tightened borrowing costs by a quarter point, catching up with the US Federal Reserve and the…
Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation
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What does the raise in interest rates mean?
The BBC's cost of living correspondent Kevin Peachey explains what the change could mean for those saving for a holiday or to buying a house.
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Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
One policymaker voted to raise the bank's key interest rate to 4.25%.
