Bank of England Expected to Keep Interest Rates Unchanged, Pause Rate Hike Campaign

BoE expected to keep interest rates unchanged at 5.25% at upcoming meeting, pausing rate hike campaign that began last year.

Comes after split 5-4 vote in September to hold rates steady. Economists see 6-3 vote this time.

BoE stresses rates will stay high for some time to bring down inflation from 40-year highs.

BoE to update economic forecasts, seen showing weak growth in 2023-24.

Investors bet on rates staying high until at least late 2024 before any cuts.