- The Bank of England looks set to keep interest rates on hold on Thursday.
- Investors are watching for any hint that surging energy prices force the BoE to follow the Federal Reserve and raise borrowing costs.
- The Federal Reserve raised borrowing costs a day earlier, putting pressure on the BoE's rate decision.
Quotes
“The Bank of England looks set to keep interest rates on hold on Thursday but investors are watching for any hint that surging energy prices could force it to follow the example of the U.S. Federal Reserve which raised borrowing costs a day earlier.”