Policymakers led by governor Andrew Bailey (pic) are expected to hike interest rates to 0.5% on Thursday, according to a survey of economists by Bloomberg.That would complete the first back-to-back increase since 2004 and open the question of whether more increases will follow.
LONDON: The Bank of England (BoE), (pic) one of the first movers in what looks set to be a rapid global tightening of monetary policy, this week will give a big clue about how far and fast it will move in combating inflation.
Policymakers led by governor Andrew Bailey (pic) are expected to hike interest rates to 0.5% on Thursday, according to a survey of economists by Bloomberg.
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