Bank of England raises Bank Rate to 4% in November 2026
On 11 November 2026 the Bank of England’s Monetary Policy Committee raised Bank Rate to 4%, according to the Bank’s November 2026 Monetary Policy Summary and related Weekly Report dated 11 November 2026. The decision was published in the Bank’s November materials.
The desk brief
On 11 November 2026 the Bank of England’s Monetary Policy Committee raised Bank Rate to 4%, according to the Bank’s November 2026 Monetary Policy Summary and related Weekly Report dated 11 November 2026. The decision was published in the Bank’s November materials.
A higher Bank Rate typically tightens sterling money-market conditions and raises forward sterling interest-rate levels, increasing hedging costs for borrowers funding or hedging in GBP. African borrowers reliant on GBP term funding could face higher refinancing premiums and steeper short-to-belly segments of their GBP curves, conditional on UK rates and local issuer credit conditions.
Next BoE decision and Monetary Policy Report due 17 December 2026.
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Public references supporting this brief.