Economics

Bank of England Set to Raise Rates: What to Expect and What It Means

U.K. central bank confronts slower growth and higher inflation
Economists and investors expect BOE to plan for asset sales

WATCH: Lizzy Burden reports from London on what to expect from today’s decision.Source: Bloomberg

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By David Goodman and Philip Aldrick

May 5, 2022 at 4:00 AM UTC

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The Bank of England is set to mark a major birthday with two big decisions, balancing its fight against inflation with keeping the recovery from pandemic on track.