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The Guardian
Source: The Guardian
8 HrsThe Guardian
Source: The Guardian
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The Bank of England raised its key interest rate by 0.25 percentage points to 4% on 4 November 2026, its first increase since August 2023, in an 8–1 vote. The decision was aimed at curbing inflation, which reached 3.5% in September; the Bank expects it to rise to around 5% by mid-2027, citing higher energy prices. Catherine Mann voted for a larger, 0.5-point increase.
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