The Bank of England’s long-running fight against inflation will today see interest rates hit at least 5.25%.
It will be the 14 consecutive meeting that policymakers have voted for an increase, with today’s options split between a 0.25% rise or half point hike to 5.5%. The Bank will also publish its latest projections for the UK economy.
Ahead of the noon decision, investors have been cheered by an upgrade to profit guidance by Next after a strong summer sale period.
