Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
The central bank tightened borrowing costs by a quarter point, catching up with the US Federal Reserve and the European Central Bank in lifting rates since the start of the Middle East conflict.
Coverage across the spectrum
How we rate outletsThe story so far
- UK interest rates live: Bank of England confirms hike to 4% in first rise since 2023.
- Bank of England raises interest rate a quarter point.
- Bank hikes interest rates to 4% and warns more to come if Iran war continues.
Who's reporting it
All 6 sources- P(PerthNow (AU)Right
Bank of England raises interest rate a quarter point
- Channels TelevisionCT
Channels TelevisionCenterBank of England Lifts Rate For First Time Since 2023 To Fight Inflation
- TIThe Independent (GB)Left
UK interest rates live: Bank of England confirms hike to 4% in first rise since 2023
- UTUS Top News and Analysis (US)Center
Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
- SESouthend EchoCenter
Bank hikes interest rates to 4% and warns more to come if Iran war continues
Timeline
3h ago
US Top News and Analysis (US): One policymaker voted to raise the bank's key interest rate to 4.25%.
2h ago
Southend Echo: Bank hikes interest rates to 4% and warns more to come if Iran war continues
2h ago
US Top News and Analysis (US): One policymaker voted to raise the bank's key interest rate to 4.25%.
2h ago
The Independent (GB): Inflation expected to rise to a peak of five per cent next year, forecast from Bank of England shows
2h ago
Channels Television: The central bank tightened borrowing costs by a quarter point, catching up with the US Federal Reserve and the European Central Bank in lift
2h ago
PerthNow (AU): The Bank of England has made its first upwards move in interest rates since August 2023.
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