BoE rate hike hinges on views of deputy governors

LONDON: The fate of a potential Bank of England (BoE) interest increase rate on Thursday could lie in the hands of two deputy governors who have stayed silent during the crescendo of bets for an imminent move.

While traders are convinced that the UK central bank will deliver its first post-pandemic increase in borrowing costs on Nov 4, with mortgage lenders already raising the cost of home loans in anticipation of a move. Economists see the decision as more finely balanced.