Central Banks
Stagnant UK Poses Headache for BOE Rate-Setters
- Persisting inflation set to keep key rate at 15-year high
- Bailey has warned borrowing costs may have to rise again
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The Bank of England is likely to leave interest rates at a 15-year high on Thursday, with concerns that inflation is persisting balancing signs the economy may be tipping into a protracted slump.
Economists and investors expect the UK central bank’s nine-member Monetary Policy Committee to maintain the key rate at 5.25% for a third consecutive meeting when the decision is announced at 12 p.m. in London.