Economics

BOE Debates Beating Fed to First Covid-Era Hike: Decision Guide

Bond purchase program complicates timing of rate increase
Policy panel divided about whether to act now or wait

WATCH: Will the BOE raise rates for the first time since the start of the pandemic? Bloomberg’s Lizzie Burden has a preview.Source: Bloomberg

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By Lizzy Burden and David Goodman

November 4, 2021 at 5:00 AM UTC

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The Bank of England will decide Thursday whether to deliver its first interest rate hike since the pandemic as a divided Monetary Policy Committee grapples with spiking inflation and slowing growth.