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DevelopingEconomy

Bank of England rate rise

The Bank of England raised its base rate from 3.75% to 4%, its first increase since August 2023, citing an inflation shock from the Iran war and warning at least one more rise is likely if the conflict continues.

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5 Nov
The latest development

ReutersThu 5 Nov · 15:45 UTC

Instant view: Bank of England delivers first rate hike in three years, gilt yields rise The Bank of England raised…

01Developments

Developments

Thursday 5 November

1 development
  1. 12:00 UTC· the latest

    Bank of England raises rates to 4%, first hike since 2023

    The MPC lifted the base rate by 0.25 points to fight inflation driven by Iran war energy costs, and warned at least one more increase was likely if the conflict continues.

    LondonGB

    6 sourcesThe Guardian · World, BBC Breaking, Associated Press, Reuters
    • The Guardian · WorldRSSThu 5 Nov, 12:00

      Bank of England raises interest rates to 4%, the first increase for more than three years Decision by MPC a week after the budget comes as Iran war continues to drive up energy costsBusiness live – latest updatesThe Bank of England has raised interest rates for the first time in
      The original post
    • BBC BreakingXThu 5 Nov, 12:04

      Bank of England raises interest rates to 4%, the first increase in more than three years - follow live
      The original post
    • Associated PressBlueskyThu 5 Nov, 12:11

      The Bank of England raises interest rates for the first time in more than three years in order to tackle an inflation shock stoked by the Iran war. The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock
      The original post
    • ReutersBlueskyThu 5 Nov, 13:30

      Bank of England raises rates for first time since 2023, says more may come The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict ​continues, as it started on a pa
      The original post
    • ReutersBlueskyThu 5 Nov, 13:35

      Bank of England raises rates for first time since 2023, says more may come By David Milliken, Andy Bruce and Suban Abdulla
      The original post
    • ReutersBlueskyThu 5 Nov, 15:45

      Instant view: Bank of England delivers first rate hike in three years, gilt yields rise The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues.
      The original post
02Seen in the story

What it looked like.

Thu 5 Nov · 15:45 · Reuters

Instant view: Bank of England delivers first rate hike in three years, gilt yields rise The Bank of England raised…

Bank of England raises rates to 4%, first hike since 2023

Thu 5 Nov · 13:35 · Reuters

Bank of England raises rates for first time since 2023, says more may come By David Milliken, Andy Bruce and Suban…

Bank of England raises rates to 4%, first hike since 2023

Thu 5 Nov · 13:30 · Reuters

Bank of England raises rates for first time since 2023, says more may come The Bank of England raised interest rates…

Bank of England raises rates to 4%, first hike since 2023

Thu 5 Nov · 12:11 · Associated Press

The Bank of England raises interest rates for the first time in more than three years in order to tackle an inflation…

Bank of England raises rates to 4%, first hike since 2023

Thu 5 Nov · 12:00 · The Guardian · World

Bank of England raises interest rates to 4%, the first increase for more than three years Decision by MPC a week after…

Bank of England raises rates to 4%, first hike since 2023