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🏦 BANK OF ENGLAND HIKES RATES TO 4% — FIRST RISE SINCE 2023 The Bank of England raised its benchmark rate by 25 basis points to 4.00% on Thursday — its first hike since August 2023. 📊 The key numbers: • Bank Rate: 3.75% → 4.00% • MPC vote: 8-1 in favour (Catherine Mann wanted a bigger hike to 4.25%) • UK inflation: 3.5% in September — the Bank expects it near 5% by mid-2027 Governor Andrew Bailey warned more hikes could follow if the US-Iran conflict keeps pushing energy prices higher. The next decision is due December 17. #BankOfEngland #InterestRates #UK #Inflation #CentralBank #Finance #Markets #Zimbuck

🏦 BREAKING: The Bank of England has raised interest rates to 4% — its first hike in over three years. The Monetary Policy Committee voted 8–1 to lift Bank Rate by 25 basis points, from 3.75% to 4.00%. Catherine Mann dissented, calling for a bigger 50bp rise to 4.25%. The Bank warned inflation could reach around 5% by the middle of next year — more than double its 2% target — and signalled at least one more increase is likely if the US–Iran conflict continues. 📊 Key numbers: • Bank Rate: 3.75% → 4.00% • MPC vote: 8–1 • UK CPI: 3.5% (September) • Inflation seen ~5% by mid-2027 #BankOfEngland #InterestRates #UK #Inflation #Economy #Finance #Markets #Zimbuck