2026-11-05 · 1 statements · 1 actors

Bank of England Bank Rate increase to 4%, November 2026

The Bank of England's Monetary Policy Committee voted to raise Bank Rate to 4%, with one member preferring a larger increase.

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Bank rate increased to 4% - November 2026 Monetary Policy Summary and Minutes 2026-11-05 · central bank · one of several topics in this statement
The MPC voted 8–1 to increase Bank Rate by 0.25 percentage points to 4%, with one member voting for a 0.5 point increase to 4.25%. The bank says the increase is warranted by inflationary pressure in the pipeline from higher energy prices and by activity data stronger than expected.
Bank rate increased to 4% - November 2026 Monetary Policy Summary and Minutes 2026-11-05 · central bank · one of several topics in this statement
Eight members voted for a 0.25 point rise, citing energy-driven inflation risks and resilient activity, while Catherine L Mann preferred a 0.5 point rise to address risks of persistent inflation and to protect credibility.