The Bank of England may hike interest rates again on Thursday, despite concerns about a dramatic downturn in the British economy, to combat double-digit inflation.
After the U.S. Federal Reserve raised borrowing prices by 75 basis points on Wednesday, markets are expecting the BoE's June policy statement at 1100 GMT.
Financial markets expect a quarter-point Bank Rate hike to 1.25 percent.
Investors expect a half-point raise from the BoE, which hasn't happened since 1995.
Since December, when it boosted rates following the coronavirus epidemic, the BoE has raised borrowing prices four times.
Britain faces high inflation, zero growth, or a recession more than other prosperous countries.
Its economy is already slowing and will be the lowest among major, affluent nations next year, according to the IMF and OECD.
Inflation touched a 40-year high of 9% in April and is expected to top 10% later this year, five times the BoE's 2% objective.



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