BIZBBC NewsTHU 05 NOV 2026 / 7:17 AM CST

Faisal Islam: How high will interest rates go?

Interest rates have risen to 4% and the Bank of England has indicated there are more rises to come. The question is how many? There is a split on the rate-setting committee here.

Three of the nine voting members referred to "rises" plural. One member voted for a bigger increase, to 4.25%. Three referred to just one more including governor Andrew Bailey.

My read on this is that the expectation is for one more rise in February. Two and done, but it depends.

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Faisal Islam: How high will interest rates go?

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Three ways the interest rate rise could affect you

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