UK hit by first interest rate rise in three years, as Bank predicts inflation will approach 5% by middle of 2027UK government bond prices are also rallying today.This has pushed down the yield, or rate of return, on UK 1
Andrew Bailey then hints that the Bank could well raise interest rates again, following today’s hike to 4%, unless the Iran war ends. Today’s increase should not be seen as the first in an inevitable long sequence of hikes. But unless the conflict in the Middle East is resolved, neither does it seem likely to be the last increase.
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Bank of England set to hike interest rates to tackle higher inflation caused by Iran war
abcnews.com
05.11.2026
Interest rate rise in midst of cost of living crisis will leave many incredulous
theguardian.com
05.11.2026
Interest rates could go ‘significantly higher’ if oil prices keep climbing — even if the Iran war ends soon
marketwatch.com
05.11.2026
Three ways the interest rate rise could affect you
bbc.co.uk
05.11.2026
Bank of England Raises Rates for First Time Since Start of Iran War
wsj.com
05.11.2026
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