# Bank of England raises interest rate to 4% amid energy-driven inflation

> 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.

- Date: 2026-11-07 · published 2026-11-08T09:10:08.561Z
- Category: macro · region United Kingdom · magnitude low
- Page: https://feedsoft.ai/events/87318-bank-of-england-raises-interest-rate-to-4-amid-energy-driven-inflation
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

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.

## Sources

- pressreview.eu: https://pressreview.eu/bank-of-england-raises-interest-rate-to-4-amid-energy-driven-inflation/

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