Bank of England set to deliver another 0.5% rate hike next month


Bank of England set to deliver another 0.5% rate hike next month as it steps up its fight against inflation

The Bank of England will deliver another 0.5 percentage point increase in interest rates next month as it steps up its fight against inflation, experts warn.

In a further blow to households dealing with higher borrowing costs, a Reuters poll found 30 of 51 economists expect rates to jump from 1.75 per cent to 2.25 per cent in September. 

The other 21 forecast a more modest 0.25 percentage point rise to 2 per cent. Last week, the Bank raised rates…



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