The Bank of England is set to raise the benchmark interest rate by 25 basis points on Thursday given the persistently high inflation and the tight labor market conditions.
The UK central bank is anticipated to maintain its data-dependent guidance, while markets are divided over the need for further tightening.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.