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Central banks lean toward tighter policy

Both waysSince 5 Nov, 21:58 UTC · updated 23:11 UTC

Bank of England Building, London, UK - Diliff — Photo: Diliff, CC BY-SA 3.0, via Wikimedia Commons

The Bank of England raised its base rate from 3.75% to 4% and warned another rise may follow. The Czech bank also raised rates, and Norway signaled it may tighten.

The Bank of England's move was its first rise in over three years. It makes borrowing costlier for many households, including those with mortgages.

A Fed official said restrictive rates are needed to bring inflation down. The pound traded at $1.3454, down 0.13%.

The markets it moves

Pound in dollars1.3455down −0.12%
US 10-year yieldclosed4.84%down −5.7 bp

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Our stories on it

Bank of England lifts base rate to 4%, first rise in over three years5 Nov, 18:30 UTC
Czech bank raises rates, Norway holds and signals tightening, Fed official backs restrictive policy5 Nov, 18:30 UTC

Written by our newsroom’s AI from our stories and the markets’ moves, and not read by a person before it was published. Not investment advice.

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