{
  "id": 18270041,
  "title": "Bank of England expected to raise interest rates for first time in three years today – business live",
  "url": "https://urgent.news/2026/11/05/bank-of-england-expected-to-raise-interest-rates-for-first-time-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T07:35:42.000Z",
  "source": {
    "name": "Guardian Business",
    "slug": "guardian-business",
    "url": "https://www.theguardian.com/business/live/2026/nov/05/bank-of-england-interest-rate-decision-pound-inflation-oil-iran-stock-markets-latest-news-updates"
  },
  "original_language": "en",
  "account": "Good morning, and welcome to our ongoing reporting on business, the financial markets, and the world economy. It's likely that the Bank of England will make a decision at noon today that will generate some surprise in the City of London. The central bank is expected to raise interest rates for the first time in over three years. This hike could see Bank Rate rise from 3.75% to 4%. Inflation has been climbing faster than the Bank's target, prompting many policymakers to believe that it's time to tighten monetary policy. The aim is to curb the risk that high energy prices could lead to a rise in the cost of other goods and services. Since August 2023, the Bank hasn't raised borrowing costs. Furthermore, other central banks around the globe - including the US, Japan, the eurozone, Australia, and Canada - have already increased their rates this year. Peder Beck-Friis provides insights into this potential development.",
  "summary": "Rolling coverage of the latest economic and financial news Looking at the latest money market pricing, a UK interest rate rise today is seen as a 98% chance. The Bank of England will be reassured to see that the oil price has tumbled this week. Peace talks are in rhetoric alone currently. Meanwhile, it’s feared an increasingly lame-duck President Trump could become more active (and arguably…",
  "key_points": [
    "Bank of England may raise interest rates for first time in 3 years",
    "Bank Rate could increase from 3.75% to 4%",
    "Inflation outpacing Bank's target, prompting rate hike"
  ],
  "editors_take": "Tightening monetary policy to combat rising inflation aligns the Bank of England with global central banks that have already moved to increase borrowing costs this year.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}