The Aporia
The Aporia
Wise, A. (2026, November 4). Bank of England set to hike interest rates to 4% to tackle rising inflation. Evening Standard. https://www.standard.co.uk/business/business-news/bank-of-england-mpc-us-federal-reserve-middle-east-investec-b1303589.html
Wise, Anna. “Bank of England set to hike interest rates to 4% to tackle rising inflation.” Evening Standard, 4 Nov. 2026, https://www.standard.co.uk/business/business-news/bank-of-england-mpc-us-federal-reserve-middle-east-investec-b1303589.html.
Wise, Anna. “Bank of England set to hike interest rates to 4% to tackle rising inflation.” Evening Standard, November 4, 2026. https://www.standard.co.uk/business/business-news/bank-of-england-mpc-us-federal-reserve-middle-east-investec-b1303589.html.
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The Bank of England is set to raise interest rates to 4% from 3.75% on November 5, 2026, the first increase since August 2023, aiming to tackle rising inflation in the UK economy. Economists predict four quarter-point hikes over the next year, driven by historically high energy prices and a war in the Middle East affecting oil supplies. This rate hike will impact more than 2.3 million households set to remortgage from fixed-rate deals in 2027, potentially leading to higher mortgage payments. The increase is expected as inflation rose to 3.5% in September, with energy price caps rising by 3.6% and forecasted to jump by an additional 22% in January, further exacerbating financial pressure on households already dealing with high energy and food bills.
