MPC

22 September

Third move in four months

Inflation expected to rise to 6%

By the time the Bank of England's interest-rate-setting Monetary Policy Committee (MPC) announces its latest UK base rate decision on Thursday, seven weeks will have elapsed since they elected to nudge the country's borrowing costs up from near-zero to...

The UK’s Consumer Price Index rose 20 basis points above expectations to 5.4% in the 12 months to December 2021, according to the Office for National Statistics, reaching its highest level since March 1992.

Rate rise could bring end to QE

0.25% rate hike a “watershed” moment

Decision expected on Thursday

Inflation expected to hit 5.5% next year

Inflation rises to 4.2% in October