Economics
BOE Set for Steady Rate Hikes Amid Global Chaos: Decision Guide
- Officials expected to increase key rate to highest since 2009
- Economists anticipate three votes for a 50-basis-point hike
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The Bank of England is set to deliver a fifth-straight rate hike on Thursday, with officials expected to stick to a steady path a day after central banks on both side of the Atlantic unleashed policy fireworks.
Investors and economists are betting the UK central bank’s nine policy makers will increase the key rate a quarter point to a 13-year high of 1.25% on Thursday. Analysts expect three members to push for a 50 basis-point rise.