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BOE to Start Countdown to Next Rate Hike With Forecast Upgrade

  • Bank will announce policy decision and forecasts on Thursday
  • Economists in survey expect another rate increase in May
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Pantheon's Shepherdson Sees No Pressing Need for BOE to Hike Rates

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The Bank of England will probably raise its economic growth forecasts next week, setting the scene for a potential interest-rate increase within months.

In a survey for Bloomberg, all but one of 17 economists see the BOE lifting its 2018 projection on Thursday, with the predictions for the next two years most likely to be left unchanged. The central bank will publish its new outlook alongside its latest policy decision and analysis on the supply side of the economy.