The Bank of England is back in the spotlight this week with what is all-but-certain to be another rate hike, but one that could be the last before it takes at least a time-out in the fight against inflation.
It is widely expected across the City that the Monetary Policy Committee will back a rise of a quarter of a percentage point, taking the UK’s influential base rate to 4.5%, its highest since 2008, and the years of financial crisis It would the twelfth meeting in a row the MPC has voted for a hike as it fights inflation stuck stubbornly in double digits.
