UK: Inflation shock puts Bank of England on course to raise rates again
LONDON, March 23 (Reuters) - The Bank of England is expected to raise interest rates for the 11th time in a row on Thursday after a surprise jump in inflation dashed speculation that it might have been about to take a pause.
The BoE is trying to reconcile Britain's weak economic outlook and recent worries about global banks with stubbornly high price growth, and is due to announce its latest decision on rates at 1200 GMT.
Most economists had believed inflation was on course to fall steadily, after hitting a 41-year high above 11% in October.