Loading…
The Bank of England raised its key rate by 0.25 percentage point to 4%, its first increase in more than three years, as UK inflation reached 3.5% in September. The Bank cited energy costs linked to the Iran war and Strait of Hormuz supply bottlenecks, while warning that further increases were possible but not certain.
Higher energy costs are feeding into UK inflation and prompting tighter monetary policy, which may weigh on economic activity and energy demand. The rate decision itself does not establish a new change in commodity supply or prices.
pressreview.euMichelle LaurentNov 7, 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.
