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Is in sight. the bank of england at midday in central london, the monetary policy committee will make the decision. the bank rate is already at its highest level for 1h years and has risen consistently in response to the soaring cost of living crisis and rates of inflation which have remained stubbornly high in large part due to those fuel prices increasing at their highest rate for a0 five years. a5 years. the rate came down from 10.a% in february and it was thought in march it would fall below 10% but it did not so there has been a series of bank rate increases since december 2021 attempting to control inflation and the bank of england really does see that as part of its core policy ....