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Bank of England Raises Rates for First Time Since 2023
The Bank of England raised interest rates Thursday and said at least one more increase was likely if the US-Iran conflict continues. Governor Andrew Bailey spoke after the decision
M impact | CENTRAL_BANK | Nov 05, 2026, 12:55 PM UTC
BoE Bailey: Encouraging News Of Past 48 Hours Does Not Mean We Can Say There Will Be No Need To Raise Rates Again
H impact | CENTRAL_BANK | Nov 05, 2026, 12:53 PM UTC
BoE Gov. Bailey: If we do see a peace process, that would be a good thing and lower energy prices
H impact | CENTRAL_BANK | Nov 05, 2026, 12:52 PM UTC
BoE Gov. Bailey: Had we known what would happen in the last 48 hours, the rate decision would still have been the same
H impact | CENTRAL_BANK | Nov 05, 2026, 12:51 PM UTC
BoE Gov. Bailey: Good news on conflict, would see CPI peaking somewhat <5%
H impact | CENTRAL_BANK | Nov 05, 2026, 12:49 PM UTC
BoE Gov. Bailey: Unless there is progress towards resolving conflict, a further increase in the bank rate may be warranted
H impact | CENTRAL_BANK | Nov 05, 2026, 12:48 PM UTC