https://www.live-feeds.com/feed/bank-of-england-raises-rates-for-first-time-in-three-yearsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/bank-of-england-raises-rates-for-first-time-in-three-yearshttps://www.live-feeds.com/feed/bank-of-england-raises-rates-for-first-time-in-three-years#u185348Sun, 08 Nov 2026 08:26:38 +0000The Bank of England has increased interest rates for the first time in over three years, lifting the benchmark to 4 percent. Officials attribute the tightening move directly to surging prices driven by the ongoing conflict involving Iran. The decision comes during a severe cost of living crisis, prompting immediate financial pressure on mortgage holders and consumers alike. Tracker mortgage borrowers face average monthly payment increases of 30.72 pounds, while lenders and institutions begin adjusting variable savings rates. Policymakers signal that further monetary tightening may follow if re