Today’s UK interest rate rise unlikely to be the last unless Iran war ends, Bank of England warns – business live
UK hit by first interest rate rise in three years, as Bank predicts inflation will approach 5% by middle of 2027 UK government bond prices are also rallying today.
Key points
- One policymaker voted to raise the bank's key interest rate to 4.25%.
Job, loans and savings are all affected by the rise in interest rates announced by the Bank of England.
This has pushed down the yield, or rate of return, on UK 10-year gilts by 4 basis points (0.04 of a percentage point) to the lowest since August 28, below 5.1%.
How this summary was made: extractive summary — built from the sources' own reporting. It is drawn only from the reporting of the sources listed below — read the originals for full detail. How we summarize →
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Every article behind this summary — 3 articles from 3 outlets
The Guardian BusinessNovember 5, 2026, 12:54 PM UTC →
CNBCNovember 5, 2026, 12:37 PM UTC →
BBC BusinessNovember 5, 2026, 12:11 PM UTC →
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