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The Bank of England raised its key interest rate by 25 basis points to 4%, its first hike since August 2023. The Monetary Policy Committee voted 8-1, with one member preferring a 50 basis point increase.
Policymakers said UK inflation is expected to reach about 5% by mid-2027, citing the impact of the US-Iran war on energy prices.
Tighter UK monetary policy supports sterling and raises borrowing costs for feed producers and livestock operators, while the energy-driven inflation outlook keeps input costs elevated. The direct effect on feed grain prices is limited, but a firmer pound lowers the sterling cost of dollar-priced imports.
cnbc.comChloe TaylorNov 5, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
