The Bank of England is set to raise interest rates for a 13th time in a row on Thursday, a day after inflation data came in higher than expected once again, with investors split on just how big the new hike will be. Economists polled by Reuters last week were unanimous that the BoE would raise rates to 4.75%, their highest since 2008, from 4.5%. But after inflation held at 8.7% in May, investors were pricing a 45% chance that the BoE would opt for a bigger move and raise rates by half a percentage point, even as fears mount about the hit to mortgage-holders and the risk of a recession. Bank of England set to raise ... (full story)