Interest rates likely to jump as markets await Bank of England decision

Analysts believe a 0.75 percentage point rise is likely, potentially the biggest hike in the base rate since 1989 UK food prices soar by fastest rate on record Larry Elliott: UK plc is about to be thrown into a black hole Fed unveils sixth consecutive hike in US rates to fight inflation Mortgage rates are expected to jump on Thursday in response to the largest increase in the Bank of England's base rate since 1989, as the central bank tries to bring down an inflation rate expected to remain in d...