Bank of England expected to raise rates 25bp to 4%

Cointime reports: The Bank of England is widely expected to raise its policy rate by 25 basis points to 4%, the first hike in more than three years, driven by higher energy prices tied to the US-Iran conflict. Markets will watch the vote split, forward guidance, and updated inflation and GDP forecasts, with the committee expected to sharply raise its inflation projection while assessing wage-price spiral risks.