Economists think a 0.25 percentage point rise to 5.25% is the most likely outcome on Thursday. But there are concerns about the impact of rising rates on many households.
The Bank of England is expected to increase its interest rate for the 14th time in a row today.
Economists believe a 0.25 percentage point rise - to 5.25% - is the most likely increase to be announced at midday. However, the Bank's Monetary Policy Committee defied expectations last time when they hiked the rate by
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Interest rates to keep rising until Christmas and could peak at 6%, economists warnLeading economists have told i that they expect the central bank to impose further increases at meetings in September, November and December, and that it could take up to a year before rates starts falling
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