Bank of England likely to hold interest rates at 0.5%, say economists

The Bank of England looks likely to start the ball rolling towards its first interest rate hike since 2007 when it wraps up a policy meeting on Thursday.

The two-day meeting is likely to have produced the first split over rates in more than three years, with at least one member of the monetary policy committee (MPC) voting for higher borrowing costs, according to a Reuters poll.