Why the Bank of England will not raise rates this year
The UK’s central bank is making a Maradona-like feint with hawkish monetary policy signals
The UK’s central bank is making a Maradona-like feint with hawkish monetary policy signals

Monetary Policy Committee says borrowing costs may need to rise if energy shock continues to hit global economy

Bank signals possible cut as soon as next month

Vote expected to pass by narrow majority and to hang heavily on the views of governor Andrew Bailey

Assessment from MPC adds to sell-off in gilts and prompts traders to increase bets on higher borrowing costs

A policy projection would improve monetary policy transparency and reduce guesswork for businesses and investors

Policymakers indicate they may need to raise borrowing costs if energy price surge triggers persistent inflation