Analysts expect the Bank of England to raise its interest rate from 3.75% to 4% for the first time in three years at its meeting on Thursday, Reuters reports. The possible move is driven by the acceleration of inflation in the UK, which reached 3.5% in September against the backdrop of high energy prices due to the conflict between the US and Iran. Another factor in favor of raising rates was the stability of the British economy, which showed record growth rates among the G7 countries in the first half of the year.