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Bank of England expected to raise base rate to 4%, first hike in over three years

1 reports1 sources11/5/2026 updated

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Analysts cited by BBC Business expect the Bank of England to raise its base interest rate from 3.75% to 4% on Thursday, the first increase in more than three years. If implemented, borrowing costs would rise and savers would benefit. Inflation, driven by petrol and diesel costs, reached an annual rate of 3.5% in September, above the 2% target. The hike would immediately affect 510,000 tracker mortgage holders, whose typical monthly payments would rise by £31, while 470,000 variable-rate mortgage holders would wait for lenders to react, typically facing a £14 monthly increase.

Written with AI from the reporting · updated 11/5/2026

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  1. 1Unclassified fact stationNov 5, 08:06single sourcereport-time onlyrevised

    英国央行预计三年多来首次加息

    Read original source ↗ BBC BusinessReplay this moment in the explorer
    Evidence & revisions · 1 source records
    Subject：
    Bank of England
    Action：
    预计上调基准利率
    Object：
    英国基准利率（Bank rate），从3.75%上调至4%
    Occurred (fact side)：
    not recorded
    BBC Business ↗Report pageRevision 2 · currently revised
    Published (valid side)：
    Nov 5, 08:00
    First seen (known side)：
    Nov 5, 08:06
    Fact stationSingle source · one-sided claimRevisedReport-time only

    Copy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.

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Nov 5
  1. BBC BusinessRelated fact: single sourceFact occurrence time unverifiedSource report revised
    Interest rates expected to rise for first time in over three years

    Report first recorded Nov 5, 08:06

    Read original source ↗

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