By David Milliken

LONDON (Reuters) -The Bank of England is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and to lower it once more before the end of the year, despite consumer price inflation rising to close to double the central bank’s 2% target in June.

But policymakers are divided over how much underlying price pressures are easing, and on whether a slowing labour market and sputtering growth will make inflation undershoot its target in the medium term if rates are not cut further.

The following graphics set out some of the issues policymakers are likely to discuss before Thursday’s decision.

GLOBAL CONTEXT AND OUTLOOK

British inflation surged more than in the euro zone or the United States after Russia’s full-scale invasion of Ukraine in 2022, hitting a

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