Is Bank of England about to break precedent on interest rates? - short news
Markets expect 0.5 percentage-point rise for first time since independence as inflation rises
The US Federal Reserve has done it. The European Central Bank has done it. Now the Bank of England must decide whether to follow suit and opt for a bigger than usual rise in official borrowing costs when it meets on Thursday.
After edging rates up by a quarter-point at a time, the financial markets are betting that Threadneedle Street’s monetary policy committee (MPC) will announce a..
source: The Guardian - 04.08.2022