Story thread
The UK’s return to rate rises
Inflation picks up again, the Bank of England moves towards its first hike since 2023, and borrowers feel it first.
The story so far, oldest first
- 24 Oct 2026UK inflation jumps to 3.5%, and the rise is spreadingUp from 3.1% in August and above forecasts. Core inflation also rose, a sign the pressure is spreading beyond fuel.Europe · United Kingdom · Link 1 · Inflation · Cause
- 24 Oct 2026Markets expect the Bank of England to raise rates on 5 NovemberInvestors expect a 25 bp rise to 4.00%. Three of nine policymakers already voted for one in September.Europe · United Kingdom · Link 3 · Expected rates · In the chain
- 24 Oct 2026UK fixed mortgage rates climb towards 6%The average two-year fix rose to 5.97% from 5.68% a month earlier, though Bank Rate hasn’t moved since December.Europe · United Kingdom · Link 5 · Real economy · Effect