A month is a long time in central banking. The Bank of England is this week expected to deliver its most hawkish decision since September as policymakers start to fret about building price pressures.
The Bank of England is expected to make a hawkish decision due to resurgent price pressures, with some previous advocates for rate cuts now wavering. Inflation, driven by energy and food, is a concern, and officials are not ruling out second-round effects on wages and prices.
