Bank of England Sets Stage for Rate Increase

Wall Street Journal , Nov 1, 2017
by Jason Douglas

LONDON—The Bank of England is expected to lift its main interest rate on Thursday for the first time in more than a decade, in what would be a significant shift that two senior bank officials have suggested could be premature.

A rate rise in Britain, alongside policy shifts by the U.S. Federal Reserve and the European Central Bank, would represent another notable waypoint on the global economy’s path away from the extraordinary central-bank stimulus that has for years supported growth and financial markets.

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