Interest rates expected to rise for first time in over three years
Image: BBC Business
Policymakers at the Bank of England are expected to raise interest rates on Thursday in what would be the first increase to the benchmark rate for more than three years.
Most analysts are predicting an rise from 3.75% to 4% in a move that would increase the cost of borrowing for individuals and businesses, but boost savers.
The Bank rate has fallen from its 2023-24 peak of 5.25%, although the Bank's Monetary Policy Committee (MPC) has left the rate unchanged at its last six meetings.
Rising inflation, driven primarily by the cost of petrol and diesel, will push policymakers into an interest rate hike, analysts suggest.
Continue reading at BBC Business
This page shows only an excerpt. The full story is published by BBC Business.
More news View More
:strip_icc():format(webp)/kly-media-production/medias/3464676/original/093645700_1621928371-20210525-Pabrik-Tahu-TALLO-6.jpg)
:strip_icc():format(webp)/kly-media-production/medias/9390469/original/072178300_1793842241-WhatsApp_Image_2026-11-05_at_08.23.45.jpeg)
