The Bank of England is all set to raise its benchmark rate for the thirteenth straight policy session this week in the face of elevated inflation and persistent labor market tightness in the UK, but the bank rate is unlikely to peak at the level markets are currently pricing in.
The nine-member Monetary Policy Committee of the central bank is expected to lift the rate by 25 basis points in a split vote as there will be discussion among hawkish members favoring actions to fight second-round effects and the minority of doves who expect inflation to fall sharply this year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.