Bank of England Raises Interest Rates to 4% in First Hike in Three Years

The story so far

3 publishers have covered this in 5 articles since 3 Nov 2026. BBC Business published first, on 3 November at 15:51 UTC; The Guardian Business followed 46h 09m later. The most recent article, from News Feed, appeared on 5 November at 18:20 UTC.

Outlets reporting it: The Guardian Business (major outlet), News Feed (major outlet), BBC Business.

2 prediction markets price this story:

• Bank of England increases interest rates by 25 bps after December 2026 meeting? — the market puts it at 34%, with $2k traded in the last 24 hours, closing 17 Dec 2026. The Yes outcome occurs if the Bank of England raises its interest rate by exactly 25 basis points during the December 17, 2026 Monetary Policy Committee meeting. The No outcome applies to any other result, including no change or a different increase amount. Readers often mistake the linked news story about a recent rate hike for the relevant event, but only the decision from the specific December 2026 meeting counts.
• Bank of England increases interest rates by 50+ bps after November 2026 meeting? — resolved “No” on 5 Nov 2026.

Odds are the market's probability that the outcome happens, updated every few minutes. They are information about what traders expect, not a forecast we make and not investment advice.