# Bank of England raises base rate to 4% from 3.75%

> The Bank of England raised its base rate by 0.25 percentage points to 4%, its first increase since August 2023. The move came amid rising energy-driven inflation pressure, and the report said tracker mortgage borrowers will face higher repayments.

- Date: 2026-11-07 · published 2026-11-08T06:09:34.130Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/87042-bank-of-england-raises-base-rate-to-4-from-3-75
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Higher borrowing costs can weigh on household spending and feed demand, while potentially supporting sterling. The direct effect on agricultural commodity supply is limited.

## Sources

- piqmarkets.com: https://piqmarkets.com/story/bank-of-england-raises-base-rate-to-4-from-3-75

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