The Bank of England’s interest rate decision may be about to get interesting again, after years of predictability. With fears Greece could crash out of the euro zone on the back burner for now, interest rate rises are becoming the next big bet for traders.
The central bank’s Monetary Policy Committee (MPC), which makes interest rate decisions and has kept its base rate at 0.5 percent for more than six years, may start showing signs of a more pro-rises stance at next Thursday’s meeting.
Many economists are now expecting a 7-2 split in the committee, rather than the unanimous 9-0 in favor of maintaining rates at 0.5 percent last time around.
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