Business
Bank of England set for first rate hike in more than three years
November 5, 2026 at 12:28 AM
The Bank of England is expected to raise interest rates on Thursday for the first time in more than three years, from 3.75% to 4%.
- The central bank's Monetary Policy Committee will announce its decision at 12:00 GMT on Thursday.
- Most analysts predict a 0.25 percentage point rise, increasing borrowing costs for households and businesses while boosting savers.
- CPI inflation rose to 3.5% in the year to September, up from 3.1% in August and above the Bank's 2% target.
- Tim Moore of S&P Global said the latest services-sector data "underscore the near-certainty of a Bank of England rate hike in November."
Market angle
- Higher global rates or risk aversion pull portfolio money out of emerging markets like Egypt, thinning trading and deal flow. — may weigh on: Investment banks & brokers
Not investment advice.