Bank of England holds interest rates at 4% ahead of make-or-break budget
Borrowing costs kept unchanged for second meeting in a row, with inflation at nearly twice official targetBusiness live – latest updatesThe Bank of England has kept interest rates on hold at 4% as it warned unemployment was rising and growth remains weak as Rachel Reeves prepares for her...
<p>Borrowing costs kept unchanged for second meeting in a row, with inflation at nearly twice official target</p><ul><li><p><a href="https://viewer.gutools.co.uk/business/live/2025/nov/06/bank-of-england-interest-rates-andrew-bailey-stock-markets-pound-budget-business-live-news">Business live – latest updates</a></p></li></ul><p>The Bank of England has kept interest rates on hold at 4% as it warned unemployment was rising and growth remains weak as Rachel Reeves prepares for her make-or-break budget.</p><p>With less than three weeks before the chancellor’s highly anticipated tax and spending measures, the Bank’s monetary policy committee (MPC) voted by a narrow five-four majority to keep borrowing costs unchanged for a second consecutive meeting.</p> <a href="https://www.theguardian.com/business/2025/nov/06/bank-of-england-holds-interest-rates-rachel-reeves-budget">Continue reading...</a>
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