Bank expected to raise UK rates
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The Bank of England's Monetary Policy Committee is tipped to put up interest rates to 5.75%.
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Experts expect the Bank of England to leave interest rates on hold at 4.75% on Thursday.
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The Bank of England raised its key interest rate Thursday by a quarter of a percentage point to 5.75 percent, the fifth increase this year, in an attempt to curb inflation.
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The Bank of England raises UK interest rates to 5.75% as it tries to bring inflation under control.
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The Bank of England raises UK interest rates to 5.75%, warning that pricing pressures remain elevated.
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The People&#39;s Bank of China, or China&#39;s central bank, announced Thursday to raise both lending and deposit interest rates 0.27 percentage point higher as from Oct. 29.
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The pound was strong, reaching 10-day highs against the dollar, after another set of firm UK data strengthened expectations that the Bank of England will raise interest rates again this year, probably in November.
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The Bank of Japan will raise interest rates next week for the first time in nearly six years in a sign that the Japanese economy is gaining momentum, news reports say.
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Abbey is the first UK bank to raise its mortgage rates as a result of the turmoil in the financial markets.
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Bank of England policymakers are forecast to keep British interest rates at 4.50 percent for the eleventh month in a row on Thursday, despite recent upgrades to British economic growth data.
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The pound continued to gain as market participants became increasingly confident that the Bank of England will raise interest rates in November, with some risk that they could raise rates as early as this week.
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The Bank of England suggests interest rates will likely have to rise again, according to its latest inflation report.
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The pound was well bid after the Bank of England raised interest rates for the fifth time in less than a year to stand at 5.75 percent.
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UK businesses are set to prosper during the next few months - but this could trigger more interest rate rises, a report says.
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Bank of England policymakers are set to increase on Thursday British interest rates to 5.75 percent, a six-year high, as Britain&#39;s economy grows faster than expected, analysts said.
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The European Central Bank signalled Wednesday that eurozone interest rates were set to rise in the coming months as the financial markets bet on a move as early as next week.
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The Bank of England today hinted that interest rates may have peaked as it said it was on course to meet its inflation target assuming that rates remain unchanged.