Bank of England to maintain interst rates, but May hike 'still in play'

The Bank of England is expected to keep interest rates unchanged at 0.5% next week, but the meeting will be watched closely amid expectations over another hike in May.

Governor Mark Carney has already warned borrowers that rates will need to rise "somewhat earlier and by a somewhat greater degree" to get inflation back on target after stronger-than-expected growth in the economy.