The odds of the Bank of England raising interest rates again next month have jumped.
The money markets indicate there is a 97% chance that the BoE lifts Bank Rate by a quarter of one percentage point to 4.5% in May – up from an 82% chance yesterday.
The markest also imply there’s a good chance that rates will hit 5% by the autumn.
The Bank will be concerned that UK inflation looks to be stickier than hoped.
Source: The Guardian
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