The Bank of England is expected to skip an interest-rate cut on Thursday, further slowing the once-a-quarter pace to policy easing that it’s maintained for more than a year.

Investors and economists expect the BOE’s Monetary Policy Committee to leave rates on hold at 4% with UK inflation running at almost double its 2% target and the autumn budget looming on November 26.

A vote for unchanged borrowing costs would end the pattern of reducing rates at every other BOE meeting since August 2024, and contrast with the US Federal Reserve, which loosened policy again on Wednesday.

The pause may be short-lived, though, with traders having ramped up bets on a December cut after weaker-than-expected inflation, jobs and output data. While investors still only see a small chance of a cut in the com

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