The Financial institution of England is poised to extend the price of borrowing for households and companies when its policymakers meet in the present day, as fears mount that the UK economic system is about to enter an extended recession.
Monetary markets count on a 0.5 share level improve within the central financial institution’s base charge to three.5% because the financial coverage committee seeks to fight inflation.
The patron costs index (CPI) fell again from 11.1% in October to 10.7% final month, in line with knowledge launched Wednesday, primarily from…
