Updated

The Bank of England raised Bank Rate to 4% on November 5, 2026, its first increase since the Iran war, and published its November Monetary Policy Summary and Committee minutes at noon. The Monetary Policy Committee is responsible for setting Bank Rate, and the summary and minutes set out the reasoning behind the decision. CNBC Top News reported the rate increase in its initial coverage of the release. Traders had been expected to watch the statement and minutes for guidance on the likely path of interest rates. The sources reviewed do not give the vote split or the market reaction to the decision.