epa06288715 Exterior view on the Bank of England in London, Britain, 25 October 2017. Accordint to reports, the Bank of England (BoE) may consider raising interest rates on 02 November following gross domestic product (GDP) figures indicated 0.4 percent growth in the third quarter of 2017. EPA/ANDY RAIN EPAThe Bank of England must raise interest rates by a quarter-point to 0.5 per cent tomorrow because the need for emergency stimulus is over and its credibility is at stake, a group of former ratesetters and economists has said. Four think that the Bank should also start preparing for further rises or a gradual unwinding of the £435 billion quantitative easing programme. If the hike camp can’t command a majority, the governor and MPC will look pretty stupidMarkets are expecting a watershed moment today.

Source: The Times November 01, 2017 00:03 UTC