Central BanksMediumUpdated×2•Originally published 5 November 2026•Updated 5 November 2026•
1 min read
Bank of England Raises Interest Rates to 4% and Hikes Inflation Forecasts
Key Facts
1Governor Andrew Bailey is expected to announce an interest rate hike to 4 per cent.
The Bank of England BoE raised interest rates by 25 basis points to 4.00%. The decision was reached through a unanimous 9-0 vote by the Monetary Policy Committee, as the central bank revised its inflation forecasts toward the 5% level.
The policy move coincided with economic data released on November 5, 2026, showing the Construction PMI at 43.6, missing the 46.1 forecast. This tightening follows data from October 30, 2026, which indicated that business inflation expectations for the year ahead remained at 3.4%.
Governor Andrew Bailey is scheduled to deliver a speech on November 9, 2026, following the release of the inflation report and the monetary policy meeting minutes that confirmed the hike to 4.00%.