A petrol station sign shows diesel over £2 a litre, lorries passing behind in Dundee
Official figures show the economy has proved resilient in response to the jump in oil and gas prices. Photograph: Murdo MacLeod/The Guardian
Official figures show the economy has proved resilient in response to the jump in oil and gas prices. Photograph: Murdo MacLeod/The Guardian
AnalysisInterest rate rise in midst of cost of living crisis will leave many incredulousPhillip Inman

Bank’s decision goes contrary to analysis from Office for Budget Responsibility that predicts lower inflation and little impetus for wage growth