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The Bank of England is expected to leave its benchmark rate unchanged on Thursday, parting ways with the Federal Reserve's rate-hiking path even as U.K.
inflation has reached 3.1% and energy costs continue to drive prices higher. The anticipated hold, if confirmed, sets up a visible policy split between two closely watched central banks.
inflation rate, with energy costs cited as a specific driver of upward price pressure. The Federal Reserve has already moved toward tightening, and the Bank of England is expected to hold its ground rather than follow.
That gap is the setup heading into Thursday. inflation runs at 3.1% and energy costs push higher is a deliberate choice.
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