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Analysts are almost unanimously urging the Bank of England to leave rates on hold at 5.25 percent this month, considering a month-on-month easing of core inflation.
Long period of high interest rates expected, meaning higher costs for homeowners whose fixed-rate deals are coming to an end
Threadneedle Street could keep the base rate at 5.25 per cent when the latest decision is announced at noon.
The UK’s four biggest banks have collectively made an extra £6.5bn as a result of interest rate hikes, new analysis from LBC has revealed.
Bank of England’s Monetary Policy Committee announces its next interest rates decision on Thursday