Economy
Bank of England Raises Bank Rate to 4% in an 8-1 Vote, Its First Hike Since 2023, as Energy Prices Lift Inflation Outlook
The Monetary Policy Committee lifted Bank Rate by 0.25 points on 5 November, with Catherine Mann seeking a half-point rise, and left December open as the Bank projects CPI near 5% by mid-2027.
·5 min read