LONDON: Europe’s main stock markets rose on Thursday, with the region’s key event an expected interest rate hike from the Bank of England.
With UK annual inflation stuck above 10%, the BoE is widely forecast to hike borrowing costs once more — by a quarter-point to 4.5% in a decision due at 1100 GMT.
“UK inflation remains stubbornly high,” noted Victoria Scholar, head of investment at Interactive Investor.
This is “at odds with the US and Europe which have seen their inflation rates start to come down”.
Official data on Wednesday showed US inflation had dipped further but only marginally, suggesting the Federal Reserve still had…
