Inflation rate set to rise again as Bank of England decision on interest rates looms

By : Evening Standard

Published On: 2023-09-19

1 Views

01:23

The rate of inflation is expected to tick back up after months of slowing, in what could be a pivotal reading as the Bank of England considers whether to hike interest rates to the highest level since 2008 or pause them for the first time in 15 meetings.The ONS will publish August Consumer Price Index inflation figures on Wednesday, with polls of economists suggesting price rises might be gathering pace again.

Watch More videos From Evening Standard Channel

Dartford Crossing: 'Ridiculous' change to Dart Charge could see one million drivers fined

play

Dartford Crossing: 'Ridiculous' change t

Arsenal player ratings vs Tottenham: Electric Bukayo Saka unplayable; Kai Havertz brilliant again

play

Arsenal player ratings vs Tottenham: Ele

Man in 50s dies after car collides with lorry in south London

play

Man in 50s dies after car collides with

Second man dies after 'unusually strong' heroin circulates in Devon

play

Second man dies after 'unusually strong'

British tourist fighting for life after horrific shark attack off Caribbean island of Tobago

play

British tourist fighting for life after

Tornado hits the southern Chinese city of Guangzhou, killing five

play

Tornado hits the southern Chinese city o

AI classes for children as young as four at leading London private school

play

AI classes for children as young as four

Nizaar Kinsella on Aston Villa 2-2 Chelsea

play

Nizaar Kinsella on Aston Villa 2-2 Chels

Pet Shop Boys - It's A Sin (Glastonbury 2022)

play

Pet Shop Boys - It's A Sin (Glastonbury

Dom Smith on West Ham 2-2 Liverpool

play

Dom Smith on West Ham 2-2 Liverpool

Former Conservative minister and MP Dr Dan Poulter says Starmer can be trusted

play

Former Conservative minister and MP Dr D

Biden roasting Trump at White House Correspondents Dinner

play

Biden roasting Trump at White House Corr

XX: 20th Anniversary Album - Il Divo (Trailer)

play

XX: 20th Anniversary Album - Il Divo (Tr

Met Office weather forecast for 28/04/2024

play

Met Office weather forecast for 28/04/20

Thousands of activists descend on capital for pro-Palestine march

play

Thousands of activists descend on capita

RSC's My Neighbour Totoro | 2023 London Trailer

play

RSC's My Neighbour Totoro | 2023 London

Beachcomber, 13, finds ‘holy grail’ Lego octopus washed ashore from 1997 spill

play

Beachcomber, 13, finds ‘holy grail’

Tornado strikes Nebraska

play

Tornado strikes Nebraska

Met Office UK weather forecast for 27/04/2024

play

Met Office UK weather forecast for 27/04

Gang leader who smuggled cocaine between London and Sussex has 'lenient' jail sentence increasedGang leader who smuggled cocaine between London and Sussex has 'lenient' jail sentence increased

play

Gang leader who smuggled cocaine between

Load More Videos From Evening Standard

Trending Videos - 29 April, 2024

RELATED VIDEOS

Economists Say Mortgage Rates Will Rise in 2015, Amid Looming Fed Rate Hike

play

Economists Say Mortgage Rates Will Rise in 2015, Amid Looming Fed Rate Hike

Fed raising rates as inflation still looms

play

Fed raising rates as inflation still looms

Biden Speaks on Inflation As Economists Signal Rising Interest Rates

play

Biden Speaks on Inflation As Economists Signal Rising Interest Rates

Biden Speaks on Inflation As Economists Signal Rising Interest Rates

play

Biden Speaks on Inflation As Economists Signal Rising Interest Rates

Economists expect Reserve Bank to keep interest rates on hold

play

Economists expect Reserve Bank to keep interest rates on hold

Economists Expect RBI Rate Hike; HDFC Bank QIP In Focus

play

Economists Expect RBI Rate Hike; HDFC Bank QIP In Focus

Bank of England hikes rates by 25 basis points after inflation rate jumps

play

Bank of England hikes rates by 25 basis points after inflation rate jumps

Bank of England chief economist Huw Pill says Liz Truss's energy plans may ease inflation

play

Bank of England chief economist Huw Pill says Liz Truss's energy plans may ease inflation

Bank of England: Chief economist warns a ‘significant’ rate rise is needed

play

Bank of England: Chief economist warns a ‘significant’ rate rise is needed

World Economy & Inflation: Fed, Bank of England hold rates unchanged

play

World Economy & Inflation: Fed, Bank of England hold rates unchanged

Bank of England Raises Interest Rates to 5% in Response to Record-High Core Inflation

play

Bank of England Raises Interest Rates to 5% in Response to Record-High Core Inflation

Bank of England governor announces raise of interest rate to tackle inflation

play

Bank of England governor announces raise of interest rate to tackle inflation

Bank of England raises interest rates to 4.25 per cent after unexpected inflation hike

play

Bank of England raises interest rates to 4.25 per cent after unexpected inflation hike

Bank of England raises interest rates to 3.5% as Governor Andrew Bailey admits inflation is lower than expected

play

Bank of England raises interest rates to 3.5% as Governor Andrew Bailey admits inflation is lower than expected

Bank of England seen to deliver another rate hike as inflation hits 41-year high

play

Bank of England seen to deliver another rate hike as inflation hits 41-year high

Recent Search - April 29, 2024

Scooby Doo พากย์ไทย sex kiss eres mi tesoro nhkスペシャル South Africa revokes ‘state abortion short film انمي الشتاء الرائع الحلقة 1 ikidunya arasnda