Interest rate rise in midst of cost of living crisis will leave many incredulous
Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth Bank of England raises interest rates to 4% Business live – latest updates An interest rate rise by the Bank of England to 4% is a big call when households are suffering from a second cost of living crisis in four years. Many people will be incredulous wh
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BoE hikes rates to 4% amid cost-of-living crisis, defying OBR inflation outlook
- BoE raises Bank Rate to 4%, contradicting OBR’s forecast of falling inflation and muted wage growth
| Asset | Bias | Rationale |
|---|---|---|
| FTSE 100FTSE100 | 🔒 Members only | 🔒 Members only |
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- UK 10-year gilt yield
- GBP/USD
- UK consumer confidence index
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Published:2026-11-06 08:16:24 · Source:guardian · Automatically aggregated and analysed — verify against the original source.