Bank of England walks the tightrope over interest rates

Rising inflation is pressuring Bank governor Mark Carney to raise the current 0.25% rate even as UK economic growth slows

Slower economic growth and higher inflation present Bank of England policymakers with a delicate balancing act when they meet this week to set interest rates and agree new forecasts for the UK as it goes through an election and Brexit talks.

The Bank's monetary policy committee (MPC) is widely expected to keep interest rates at their record low of 0.25% to offer continued support to the economy and the jobs market.

Related: Higher interest rates. Great idea. Here's why it won't happen