Danni Hewson, head of financial analysis at AJ Bell, said: “For the Bank of England, there are a few factors expected to play into tomorrow’s interest rate decision.
“Core inflation has held firm, as has service sector inflation, with a loose labour market creating pay restraint.
“Workers looking at rising prices are less likely to demand big pay hikes in the current climate because they’re nervous about the jobs market.
“Add in consumer caution and businesses worried about their spending and the upcoming UK Budget, and MPC members will need to walk a fine line or risk pushing the economy backwards.”
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