https://www.live-feeds.com/feed/boe-hikes-rate-for-first-time-in-3-years-retreating-oil-prices-may-allow-for-more-options-aheadContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/boe-hikes-rate-for-first-time-in-3-years-retreating-oil-prices-may-allow-for-more-options-aheadhttps://www.live-feeds.com/feed/boe-hikes-rate-for-first-time-in-3-years-retreating-oil-prices-may-allow-for-more-options-ahead#u186913Mon, 09 Nov 2026 02:46:03 +0000The Bank of England raised its interest rate to 4% for the first time in over three years, aiming to curb inflation fueled by the Iran war and rising energy costs. This move may be followed by further hikes depending on the war's progression and oil price trends. The rate increase was expected, but its impact on the cost of living crisis is uncertain. The bank's decision is influenced by factors including the Iran war and fluctuating oil prices.Why it mattersThe interest rate hike is a response to rising inflation, which is nearing 5%. The Bank of England's move is intended to m