‘A whiff of 2008’: analysts detect danger in Bank of England’s crackdown on inflation

With wages growth and job vacancies slowing, the monetary policy committee should hold interest rates again if it wants to avoid storing up trouble

The Bank of England has waited a long time for the jobs market to cool down, and now it has.

On Thursday, the central bank's interest rate setters will meet at their Threadneedle Street headquarters, and the expectation is that a rise in unemployment, a fall in vacancies and a weakening of wages growth will persuade them to leave interest rates unchanged at 5.25%.