# Bank of England raises rates for first time in more than three years

https://mins.news/en/item/131741

- CGTN, 2026-11-05 12:02 UTC
- Economy
- Original: https://news.cgtn.com/news/2026-11-05/news-1RPq9KMEcY8/p.html?UTM_Source=cgtn&UTM_Medium=rss&UTM_Campaign=World

> The Bank of England lifted its benchmark rate to 4% on Thursday, its first increase in more than three years, as rising energy costs fuel global inflation. Governor Andrew Bailey said the inflationary pressure building from higher energy prices justified the move.

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