First UK interest rate rise in a decade still likely despite modest growth

The absence of a post-Brexit vote recession, potential wage inflation and the Bank’s hawkish comments all point toward a riseIt wasn’t much, but for the Bank of England the slight pickup in growth will probably be enough to trigger the first increase in official interest rates in more than a decade.The economy’s trend rate of growth is a touch above 2% a year, so by that benchmark the 0.4% rise in gross domestic product in the third quarter was modest. Growth has been weaker in