Bank of England hikes interest rates to 4% and warns more to come

NAMPA / DPA
2026-11-05
London (PA Media/dpa) - The Bank of England has raised interest rates for the first time in more than three years and warned that further hikes are likely if the Iran war is not resolved. At its latest meeting, the Monetary Policy Committee (MPC) decided to increase the bank's base rate to 4% from 3.75%. It is the first time that borrowing costs have gone up since August 2023. All members of the nine-person committee voted for a hike - although o......
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