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Evening Standard
Evening Standard
Business
Simon English

Bank of England preview: MPC poised to put up borrowing costs

Bank Bank of England MPC City

The Bank of England

(Picture: PA Wire)

The City expects the Bank of England’s nine-strong Monetary Policy Committee (MPC) to increase rates from 0.25% to 0.5% on Thursday, the first back-to-back interest rate rises since 2004.

It increased rates in December from 0.1% in a more controversial decision. The Bank said at the time it could no longer ignore inflation, something that until it had tried to present as a passing issue.

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