Wednesday, November 1, 2017
Cornered and out of ammo
Bank of England: As a first interest-rate hike in more than a decade looms, here's what experts expect
For the first time in more than a decade, the Bank of England is widely expected to raise interest rates on Thursday. But whatever decision the Monetary Policy Committee makes, itÃ¢Â€Â™s unlikely to be an easy one. Wage growth is stagnating, household budgets are tight and Brexit negotiations are casting a shadow over economic growth prospects.