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Bank of England raises interest rates to 4% as it warns on inflation
CNBC and the Financial Times report the Bank of England raised its key rate to 4% and warned that inflation will come close to 5%.
What happened
The Bank of England has raised interest rates, according to CNBC and the Financial Times. The Financial Times reports the move takes the rate to 4%, and describes it as an effort to bring inflation under control.
CNBC adds that this is the first rate increase since the Iran war. The outlet also reports that the central bank warned inflation will approach 5%.
Context
Central banks typically raise interest rates to slow price growth by making borrowing more expensive.
Why it matters
Changes in the Bank of England's policy rate can influence borrowing costs and financial conditions, which matter to companies and investors in UK markets.
Market indices
Latest close of the ETFs that track the main US indices (SPY, QQQ, DIA), from ATLAS data.
S&P 500 (SPY): 733.00 (−4.41%) · November 5
Nasdaq-100 (QQQ): 647.05 (−6.49%) · November 5
Dow Jones (DIA): 514.27 (−3.53%) · November 5
Sources
ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.
- Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5% · CNBC · November 5, 2026
- Bank of England raises interest rates to 4% in bid to tame inflation · Financial Times · November 5, 2026
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- Reuters: Fed Officials Hammack and Barkin Back Gradual Rate-Hike Path
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