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@englishmovie493: #foryoubage #fyq

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Region: US
Tuesday 27 October 2026 09:50:38 GMT
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The Bank of England has raised the base interest rate from 3.75% to 4%. This is the first time the Bank has increased the rate since August 2023. All nine members of its monetary policy committee voted for a hike, but one wanted to go further, voting to raise the rate to 4.25%. It's a move that was widely anticipated by analysts, following inflationary pressures since the US began its war with Iran. Higher prices are coming down the line in the form of an energy cap spike this winter, too. A higher rate means worse mortgage rates for borrowers - though these are usually priced in to offers made before an expected rate rise is formally announced. Savers could benefit, on the other hand, should banks and building societies raise their offers in response to today's decision. #SkyNews #Money #InterestRates
The Bank of England has raised the base interest rate from 3.75% to 4%. This is the first time the Bank has increased the rate since August 2023. All nine members of its monetary policy committee voted for a hike, but one wanted to go further, voting to raise the rate to 4.25%. It's a move that was widely anticipated by analysts, following inflationary pressures since the US began its war with Iran. Higher prices are coming down the line in the form of an energy cap spike this winter, too. A higher rate means worse mortgage rates for borrowers - though these are usually priced in to offers made before an expected rate rise is formally announced. Savers could benefit, on the other hand, should banks and building societies raise their offers in response to today's decision. #SkyNews #Money #InterestRates

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