The Bank of England is widely expected to leave interest rates unchanged on Thursday, even as inflation in the United Kingdom rises to a five-month high amid higher fuel costs linked to the Iran war, AP reported.
Economists expect a majority of the nine-member Monetary Policy Committee to vote to keep the central bank's benchmark interest rate at 3.75% for a sixth consecutive meeting. Policymakers are likely to seek further evidence on whether higher inflation is translating into sustained increases in domestic prices and wages.
