It comes after inflation took a surprise leap to 10.4% in February according to data published yesterday
The Bank of England is expected to raise the interest rate for the 11th time in less than 18 months after Wednesday's surprise jump in inflation.
It is due to announce its latest decision at noon as it tries to reconcile the UK's weak economic outlook and an international banking crisis.Any increase in Bank rate would be part of a series of measures to reduce inflation, but would inevitably increase pressure on many people, particularly mortgage holders, already being squeezed by the cost-of-living crisis.
Many economists believed the Bank of England would pause its run of interest rate hikes as inflation appeared on course to ease steadily.Inflation hit a 41-year high at 11.1% in October.
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