Bank of England raises rate to 4% in 8–1 vote, GoldSilver reports
The Bank of England announced a quarter-point increase in its key rate from 3.75% to 4% on November 5, according to GoldSilver. Eight members backed the increase, while Catherine L Mann preferred a half-point rise to 4.25%. The report said Bank staff forecast UK inflation of around 4.5% in the first quarter of 2027 and 5% in the second quarter.