Fears remain over stubborn inflation but slowing economy likely to fuel more cautious approach from rate-setters, say analysts
- ‘It’s a bloodbath’: UK homeowners on variable mortgages
The Bank of England is poised to push interest rates to 5.25% on Thursday as it tries to bring down inflation with a 14th consecutive increase in the cost of borrowing.
Amid government concerns that cost of living pressures are proving persistent, the Bank is likely to push rates up by 0.25 percentage points to a fresh 15-year high.
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