Bank of England raises interest rates and upgrades economic forecasts, Dawn News reports
Published: Updated:
Summary
The Bank of England raised interest rates and upgraded its forecasts for UK economic growth in 2026 and 2027, according to Dawn News. The Bank of England also warned that inflation could peak at 4.9% in the second quarter of next year.
Key facts
Each fact shows how far it is verified and the sources behind it.
According to preliminary information
DevelopingPreliminary information; it may change as the story develops.
CNBC states: The Bank of England hikes interest rate for the first time since the Iran war.
Sources for this fact
Supports
3 sources: CNBC, Euronews, Dawn News
All materials (3)
- CNBC · · Bank of England hikes interest rate for the first time since Iran war, warns inflation will near 5% (Original publication)
- Euronews · · Bank of England raises key interest rate for first time in over 3 years (Original publication)
- Dawn News · · Bank of England lifts rate for first time since 2023 to fight inflation (Original publication)
CNBC states: The Bank of England warns inflation will near 5%.
Sources for this fact
Dawn News states: The Bank of England upgraded its forecasts for UK economic growth in 2026 and 2027.
Sources for this fact
Supports
1 source: Dawn News
Dawn News states: The central bank now estimates gross domestic product to hit 1.6% this year and 1.3% next year.
Sources for this fact
Supports
1 source: Dawn News
Timeline
- Updated: new information was added. - The Bank of England upgraded its forecasts for UK economic growth in 2026 and 2027. (developing) - The central bank now estimates gross domestic product to hit 1.6% this year and 1.3% next year. (developing)
Sources
Every source of this story with its tier and affiliation. Several reports by one source count as one.
CNBC
T2 · established media · company · international
Euronews
T2 · established media · company · international
Dawn News
T2 · established media · company · international
Versions and corrections
Updated:
Updated: new information was added.
Published:
Minor edits such as typos create a new version without a notice. All corrections
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