Bailey, Andrew (1959- )Bank of EnglandEconomic Conditions and TrendsInflation (Economics)Interest rates

Bank of England Raises Rates for First Time in Three Years

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This story was selected and curated by our editorial team in the Bailey, Andrew (1959- ) category. Published on November 5, 2026 • Originally reported by Eshe Nelson. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
The central bank said that inflation would climb to about 5 percent next year, far above its target, because of higher energy prices driven by the war in Iran.
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