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The Bank of England rate decision is due at 1100GMT. Analysts expect the MPC will leave policy on hold at this meeting. Analysts' median forecast is for Bank Rate to rise from its current 0.5% to 1.0% by year end, with the first hike coming in the third quarter. Interestingly, this is MPC member Andrew Sentance's last meeting before being replaced by ex-Goldman Sachs UK economist Ben Broadbent in June.
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