# Bank of England expected to raise interest rates for first time in three years today – business live

> The Bank of England was widely expected to announce its first UK rate increase in more than three years at noon, lifting Bank Rate by a quarter point from 3.75% to 4%. The move is a response to inflation pushed up by energy costs linked to the Iran war.

- Date: 2026-11-05 · published 2026-11-05T09:09:57.614Z
- Category: macro · region UK · magnitude medium
- Page: https://feedsoft.ai/events/81487-bank-of-england-expected-to-raise-interest-rates-for-first-time-in-three-years
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher UK borrowing costs weigh on domestic demand and farm and feed-business investment, while energy-driven inflation keeps input costs elevated for livestock producers. The decision is a meaningful macro driver but has limited direct effect on grain prices.

## Sources

- theguardian.com: https://www.theguardian.com/business/live/2026/nov/05/bank-of-england-interest-rate-decision-pound-inflation-oil-iran-stock-markets-latest-news-updates

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