# Bank of England Raises Rates for First Time in Three Years

- Source: NYT Business
- Published: 2026-11-05T12:14:08+00:00
- Category: Business
- Original: https://www.nytimes.com/2026/11/05/business/bank-of-england-interest-rates-inflation.html
- Canonical: https://groundlevelnews.com/story/bank-of-england-raises-rates-for-first-time-in-three-years-70456a/

The central bank said that inflation would climb to about 5 percent next year, far above its target, because of higher energy prices driven by the war in Iran.

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