The market expects the Bank of England to raise interest rates by 75 basis points on Thursday, its largest hike since 1989.
With U.K. inflation running at a 40-year high of 10.1% in September, the Bank is seen hiking its main lending rate for the eighth consecutive time.
Goldman Sachs economists on Monday lowered their 2023 U.K. growth projections and expect a split vote in favor of the 75-basis-point hike on Thursday.Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom.LONDON — The market expects the Bank of England to raise interest rates by 75 basis points on Thursday,
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