The Bank of England is expected to raise its key rate for the third straight meeting on Thursday, as inflation is likely to accelerate more than anticipated due to higher energy prices amid the war in Ukraine.
The monetary policy announcement and the minutes of the meeting from the BoE are due at 8.00 am ET. Markets expect the bank to lift its key rate by a quarter-point to 0.75 percent from 0.50 percent.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.