The Bank of England's interest rate decision is on a knife edge, with the regulator considered as likely to make borrowing more expensive today as it is to maintain the current rate. The odds of a hike versus holding rates are nearly 50-50 - with money markets betting on a 46% chance that the base interest rate will be increased to 5.5% and a 54% chance it will remain at 5.25%. {chart} The announcement will come at midday. The outcome of the Bank of England's meeting to consider rates had previously been seen as near certain. But the latest official inflation data caused market expectations to change, when the rate ... (full story)