Economists said the decision to raise rates from a record low of 0.1% ‘on a knife-edge’
The Bank of England is considering raising interest rates for the first time since the onset of the coronavirus pandemic against a backdrop of rising inflationary pressures and a rebound in economic growth.
In a final snapshot from the economy before the rate decision is announced on Thursday, monthly data showed a stronger than expected rise in activity in Britain’s dominant services sector during October.
