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Bank Of England.

The latest news and stories about Bank Of England from MENtalk.news.

Economy

The Bank of England, with the support of John Healey's government, is trying to cushion the inflationary shock caused by the Middle East conflict by raising interest rates to 4%, while the forecast for inflation rises to 5%.

The Bank of England has raised its interest rate to 4%, for the first time since 2023, citing inflationary pressures caused by the war in Iran. The British government announced support measures for households, and the Bank of England expects inflation to peak at 5% in spring 2027.

6 min read

Economy

Bank of England raises interest rate to 4% and warns that further increases will follow if the war with Iran continues

The Bank of England's Monetary Policy Committee raised the base rate from 3.75% to 4%, the first level reached in over three years, citing inflationary pressures generated by conflicts in the Middle East. Governor Andrew Bailey stated that this should not be seen as the start of an inevitable sequence of increases, but emphasized that in the absence of a peace agreement, future adjustments remain likely.

4 min read