The Bank of England will announce its latest policy decision on Thursday, as experts debate how stagnant wage growth could impact the timing of its first rate hike.
Economists and strategists forecast the central bank will not raise the benchmark interest rate until February or March next year, despite hints from Governor Mark Carney that a hike is “nearing”.
It has held the main rate at a historic low of 0.5 percent since March 2009, so the prospective hike could have a big impact on financial markets—which economists like BNP Paribas’s Dominic Bryant say are yet to price in a rise.
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