Bank of England policy makers will decide on Thursday whether to call a halt to a string of 14 consecutive interest-rate increases, with investors and handful of economists raising doubts about another hike.
Investors have still fully priced in one more quarter-point increase this year in the UK central bank’s base rate, which is now 5.25%. But a drop in inflation to an 18-month low announced Wednesday raised questions over whether the BOE will deliver that hike today.