Bank of England Set to Raise Rates Again as Uncertainty Swirls

Bank of England Set to Raise Rates Again as Uncertainty Swirls
Governor of the Bank of England Andrew Bailey arrives to address the Monetary Policy Report Press Conference at The Bank of England, in London, on Nov. 4, 2021. Justin Tallis/Pool via Reuters
Reuters
Updated:

LONDON—The Bank of England looks set to press on with raising interest rates on Thursday as it tries to stop soaring inflation from becoming engrained in the British economy.

All but five of 49 economists recently polled by Reuters thought the BoE will raise Bank Rate for a third meeting running, back to its pre-pandemic level of 0.75 percent, with the rest expecting it to stay on hold at 0.5 percent.