{
  "id": 18302934,
  "title": "Bank of England raises interest rates for first time in three years: What the hike to 4% means for your mortgage and savings",
  "url": "https://urgent.news/2026/11/05/bank-of-england-raises-interest-rates-for-first-time-in-three-years",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T12:19:52.000Z",
  "source": {
    "name": "This Is Money",
    "slug": "this-is-money",
    "url": "https://www.thisismoney.co.uk/money/mortgageshome/article-16265559/Bank-England-raises-rates-time-three-years-hike-4-means-mortgage-savings.html?ns_mchannel=rss&ns_campaign=1490&ito=1490"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Bank of England has raised interest rates, a decision driven by concerns regarding an inflation spike and a potential energy price shock this winter, according to This Is Money. Bank officials surprised analysts by voting in unison to increase rates, with the only dissent coming from Catherine Mann, who voted for a 50 basis point increase to 4.25 per cent, City AM reports.\n\nGovernor Andrew Bailey indicated that he sees an argument for further rate increases unless news emerges that softens inflationary risks. City AM reports that committee members Megan Greene, Sarah Breeden, Huw Pill, and Clare Lombardelli also suggested further hikes are on the horizon. This stands in contrast to external member Alan Taylor, who suggested the current decision might be a \"one-and-done.\"",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Bank of England hikes for the first time since the Iran war, lifting interest rate to 4%",
        "url": "https://urgent.news/2026/11/05/bank-of-england-hikes-for-the-first-time-since-the-iran-war-lifting",
        "published": "2026-11-05T12:02:32.000Z"
      },
      {
        "outlet": "City AM",
        "title": "Bank of England hikes interest rates to four per cent in unanimous vote",
        "url": "https://urgent.news/2026/11/05/bank-of-england-hikes-interest-rates-to-four-per-cent-in-unanimous",
        "published": "2026-11-05T12:04:38.000Z"
      },
      {
        "outlet": "WSJ Economy",
        "title": "The Bank of England raised its key interest rate Thursday for the first time since the war U.S.-Iran sent oil prices soaring",
        "url": "https://urgent.news/2026/11/05/the-bank-of-england-raised-its-key-interest-rate-thursday-for-the",
        "published": "2026-11-05T12:08:00.000Z"
      },
      {
        "outlet": "Euronews",
        "title": "Bank of England raises key interest rate for first time in over 3 years",
        "url": "https://urgent.news/2026/11/05/bank-of-england-raises-key-interest-rate-for-first-time-in-over-3",
        "published": "2026-11-05T12:32:38.000Z"
      },
      {
        "outlet": "Dawn Business",
        "title": "Bank of England lifts rate for first time since 2023 to fight inflation",
        "url": "https://urgent.news/2026/11/05/bank-of-england-lifts-rate-for-first-time-since-2023-to-fight",
        "published": "2026-11-05T13:06:10.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "First Bank of England rate hike in 3 years",
        "url": "https://urgent.news/2026/11/05/first-bank-of-england-rate-hike-in-3-years",
        "published": "2026-11-05T13:11:07.000Z"
      },
      {
        "outlet": "The Peninsula Qatar Business",
        "title": "Bank of England lifts rate for first time since 2023 to fight inflation",
        "url": "https://urgent.news/2026/11/05/bank-of-england-lifts-rate-for-first-time-since-2023-to-fight-18313687",
        "published": "2026-11-05T13:49:15.000Z"
      }
    ]
  },
  "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."
}