Bank of England raises interest rate for first time in 3 years
The Bank of England raised its benchmark interest rate to four percent on Thursday, the first increase in more than three years, as soaring energy costs push up global inflation.
"There is now enough inflationary pressure in the pipeline caused by the rise in energy prices, that an increase in Bank Rate is warranted," BoE governor Andrew Bailey said in a statement.
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05 November 2026, 15:28
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US Prime Minister Burnham was talking impromptu in some stand-up TV interview about US engagement with Europe in terms of Ukraine and he spoke in complete sentences that fit together into a paragraph. Sources in the White House says this bodes ill for their jobs.
