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When Will the Bank of England Raise Rates?

  • Bank set to keep key rate at 0.5% on Thursday, survey shows
  • Officials will publish fresh assessment of international risks
Views Of The Bank Of England As Policy Setter Prepares To Release Rates Decision
Photographer: Simon Dawson/Bloomberg
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The U.K. economy is losing its fizz and it might be a while before it gets going enough to spark inflation.

Bank of England Governor Mark Carney and his fellow policy makers will publish their assessment of the cooling environment on Thursday, alongside their latest policy decision. A report this week showed services grew at the weakest pace in more than two years, signaling a slowing economy that underlines the case for holding the key rate at a record low.