The Bank of England is expected to keep interest rates unchanged Thursday even though inflation in the United Kingdom has risen to a five-month high as the fallout from the Iran war continues to ratchet up fuel prices.
Economists expect a majority of the nine-member Monetary Policy Committee will want to see more evidence that higher inflation is feeding into underlying prices and wages and will therefore vote to keep the bank's main rate unchanged at 3.75% for the sixth consecutive meeting.
