BoE to raise rates 25 bps in June – Reuters

The Bank of England will raise interest rates in June by only 25 basis points and continue in the same lane in future meetings despite soaring inflation, a Reuters poll of economists found.

The recent poll showed that “all but one of 56 economists expected the BoE to deliver a quarter-point hike on June 16 to 1.25%, its fifth consecutive rate rise. Two more are expected this year to 1.75%, compared with just one in the May poll.”