The Bank of England raised Bank Rate to 4% in an 8–1 vote. Its inflation path is a conditional projection, not an outcome already recorded.
The Monetary Policy Committee voted 8–1 to raise Bank Rate by 0.25 percentage points to 4% at its meeting ending 4 November. One member preferred a 0.5-point increase to 4.25%.
The decision record says UK CPI inflation was 3.5% in September. The Bank expects CPI to rise to around 5% by the middle of 2027 before falling. Those are conditional projections, not completed outcomes.
The MPC said policy was not on a pre-set path and would assess evidence at each meeting, including pay, pricing behaviour and economic slack. Bank Rate can influence borrowing and saving conditions through financial institutions; it does not itself set every customer rate.
| Measure | Reported figure | Qualification |
|---|---|---|
| Bank Rate | 4.00% | Raised by 25 basis points |
| Vote | 8–1 | One member preferred 4.25% |
| UK CPI inflation | 3.5% | September 2026 reported reading |
| CPI projection | Around 5% | Mid-2027 conditional projection |
How to read the figures
The source record should be read with its reporting scope and period intact. A reported accounting measure, a constant-currency comparison and management guidance answer different questions; none on its own establishes a later market price, customer outcome or investment return.
What to watch
The useful next check is a later official filing or release that confirms whether guidance, targets or accounting comparisons changed. CapKet will not treat a target, estimate or management explanation as a completed financial outcome without separate primary evidence.
Primary sources: Bank of England official release or filing and related official filing, checked 2026-11-05T19:35:21.193850+00:00.
CapKet disclosure: Source-backed news, not investment advice. AI-assisted review is not independent human approval.