Bank of England expected to raise base rate to 4% at 5 November 2026 MPC meeting

Created Nov 2, 2026 • AI-generated summary

Coverage ahead of the Bank of England's MPC decision on Thursday 5 November 2026, when a 0.25pp base rate rise from 3.75% to 4% is widely expected — the first increase since August 2023 — after CPI inflation rose to 3.5% in September, with markets pricing ~96% probability, three of nine MPC members having backed a rise in September and Huw Pill publicly supporting an increase. Membership limited to coverage of the anticipated 5 November 2026 rate decision.