ING Economists Expect Bank of England Rate Hike This Week
ING economists expect a 7-2 vote to raise rates this week and say a February follow-up move is likely, barring a collapse in energy prices.
The Bank of England is set to raise its key interest rate this week partly for insurance purposes, ING economists say in a note. "We expect a 7-2 vote to hike rates this week and, barring a collapse in energy prices, we think a follow-up move in February is likely too," they say. It comes as U.K. i…