(Bloomberg) -- The Bank of England will probably raise its benchmark interest rate to a six-year high today to contain the fastest inflation in a decade, a survey of economists shows.
The nine-member Monetary Policy Committee will increase the Bank Rate a quarter-point to 5.5 percent, the highest since April 2001, said all 61 economists in a Bloomberg News survey. The bank announces the decision at noon in London. Eleven of 43 economists predict another move to 5.75 percent by the end of the year.
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