The Bank of England is likely to boost interest rates again on Thursday, but a slowing in the pace of inflation may give policymakers scope to scale back the size of hikes
The Bank of England is likely to boost interest rates again on Thursday, but a slowing in the pace ofEconomists and investors anticipate thewill rise at least a quarter-point to 5.
25%, with a strong chance of a bigger half-point increase that would match the scale of action taken in June. Markets are now bracing for rates to peak around 5.75% by the end of this year, well below almost a full point below expectations just a month ago.
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