# Bank of England set to hike interest rates to 4% to tackle rising inflation

> Markets expect the Bank of England to raise its policy rate from 3.75% to 4% at its Thursday meeting, the first hike since August 2023. UK CPI rose to 3.5% in September, driven by higher petrol and diesel prices linked to the Middle East conflict.

- Date: 2026-11-04 · published 2026-11-04T18:09:43.339Z
- Category: macro · region GB · magnitude low
- Page: https://feedsoft.ai/events/80092-bank-of-england-set-to-hike-interest-rates-to-4-to-tackle-rising-inflation
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Tighter UK monetary policy supports sterling and can weigh on UK demand for feed-linked products, but the direct effect on feed commodity prices is limited.

## Read by commodity

- GBPUSD: bullish ▲

## Sources

- standard.co.uk: https://www.standard.co.uk/business/business-news/bank-of-england-mpc-us-federal-reserve-middle-east-investec-b1303589.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.