Bank of England expected to raise rates for first time in more than three years
The Bank of England is expected to raise interest rates on Thursday, in what would be the first increase in the benchmark rate for more than three years. Most analysts are forecasting a rise from 3.75% to 4%, a move that would increase borrowing costs for households and businesses while improving returns for savers. The announcement is due at 12:00 GMT, with markets also watching closely for any guidance on the future path of policy.The expected decision comes after the Monetary Policy Committee left rates unchanged at its last six meetings. The Bank rate has fallen from its 2023-24 peak... [Continue Reading]
360LiveNews | 05 Nov 2026 00:32 LONDON
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