Economics
Bank of England Poised to Hike Interest Rates to 13-Year High
- Historic tightening would trigger a review on asset sales
- U.K. central bank leads the way on quantitative tightening
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The Bank of England this week is expected to raise interest rates to their highest level in 13 years and clarify how it plans sell off some of its 847 billion pounds ($1.1 trillion) in government bond holdings.