Interest Rate Hikes Expected After Inflation Rises to Highest Level in 2026

Interest rate hikes expected after inflation rises to highest level in 2026

Families and businesses are facing Bank of England interest rate hikes in the coming months, economists said, after inflation rose to the highest rate in almost a year.

Interest rate hike warning as inflation hits 11-month high

Inflation was 3.5 per cent in September, up from 3.1 per cent in August

Interest rate hike ‘firmly on table’ after inflation rises to 11-month high

Experts have said the latest official inflation data has reinforced expectations of a rate hike in November.

Inflation Rise Puts November Interest Rate Decision in the Spotlight

Britain's rising inflation rate has increased the pressure on the Bank of England to consider raising interest rates, while mortgage borrowers are already facing higher costs.   The latest figures from the Office for National Statistics show annual CPI inflation rising from 3.1% in August to 3.5% in September, above economists' expectations.