The Bank of England faces another big interest rate hike later Thursday to fight soaring inflation, even if it worsens a cost-of-living crisis that the UK government is seeking to contain. The British central bank will announce its latest decision at 1100 GMT after a meeting that had been postponed from last week following the death of Queen Elizabeth II. Most economists forecast policymakers to lift the BoE’s key rate by 0.50 percentage points to 2.25 percent, repeating its August increase that had been the biggest rise since 1995. Some commentators even predict the BoE could mirror the European Central Bank and the ... (full story)