Michael Saunders will leave the rate-setting MPC next month
Steeper rates increases will be used if soaring inflation appears to be a permanent feature
Number of mortgages approved fell to 66,000 in April as interest rate rises and cost of living bites
Think-tank is not convinced demand headwinds will prevent further inflation rises
Recession could strike this year as bank raises interest rates to highest level since 2009
The Bank of England is expected to announce the highest level in 13 years
Chancellor says the rises have already been priced in by markets
The rise to 0.75% is being seen as “dangerously behind the curve” as inflation nears 8%
The nine-person committee could easily split three ways
A 91.5% chance has been priced in, with investors believing rates will hit 1.5% by December
Markets are pricing in a 100% chance of a rise to 0.5% when the Bank of England meets on Thursday
The Bank of England will decide this Thursday is rates should rise for a second consecutive time