Bank Of England Raises Rates
The Bank of England lifted rates to 4% as war-driven inflation pressures the UK economy.
November 5, 2026 · Updated Nov 5, 11:01am ET
MS NOWBank of England set to hike interest rates to tackle higher inflation caused by Iran war
CNBCBank of England hikes interest rate for the first time since Iran war, warns inflation will near 5%
Daily MailChristmas mortgage misery as BoE set to hike interest rates today
BBC NewsFaisal Islam: How high will interest rates go?
ZeroHedge"Neither Does It Seem To Be The Last": Bank Of England Hikes For First Time Since 2023, Sees Inflation Near 5%
ABC NewsBank of England set to hike interest rates to tackle higher inflation
Breitbart NewsBank of England set to hike interest rates to tackle higher inflation caused by Iran war
10%
Left · 1
60%
Center · 6
30%
Right · 3
Pano rates the coverage Mostly Center.
What happened
- The Bank of England raised its key interest rate from 3.75% to 4% on Thursday, its first increase since August 2023.
- Eight policymakers backed the quarter-point increase, while one wanted a larger rise to 4.25%.
- Inflation reached 3.5% in September, above the Bank’s 2% target, as the Iran war and shipping bottlenecks pushed up fuel costs.
- The Bank warned that inflation would reach about 5% by the middle of 2027 as higher energy prices feed through the economy.
- Governor Andrew Bailey
Andrew BaileyGovernor of the Bank of England said another rate increase could follow unless the Middle East conflict is resolved, but cautioned against expecting a long series of rises.
How the left told it
Left-leaning outlets were represented only by MS NOW, which carried an AP report framing the expected increase as a response to inflation caused by the Iran war. It emphasized rising fuel costs and economists’ view that policymakers had little choice but to raise rates.
How the right told it
Right-leaning outlets linked higher rates to war-driven inflation, with different emphases. Breitbart carried AP’s account of the inflation shock; the Daily Mail stressed “Christmas mortgage misery” and costs for homeowners. ZeroHedge highlighted unanimous support for raising rates and Bailey’s warning that this might not be the last increase.
