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The Bank of England is expected to keep rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs keep pressure on prices.

Prices for diesel, the fuel type used to power trucks and trains, came in at an all-time high of $6.31 per gallon on Wednesday.

Rising oil prices and Treasury yields are lifting energy and borrowing costs for U.S. households, pushing consumers to draw more heavily on savings.

The reading comes just hours before the Bank of England updates its monetary policy.

Nazara, sworn in hours after Purbaya's dismissal, spent seven years as deputy finance minister and led the ministry's fiscal policy agency from 2015 to 2019.

BRICS leaders have asserted the need to use local currencies in intra-BRICS trade to cut dependency on dollar.

Traders were pricing in a better than 92% probability of a rate increase, as well as a more than 75% chance for another one in December.

In August, consumer prices rose 3.4% over the past year while wages increased just 3.1%.

Record U.S. cyclosporiasis outbreak is over, CDC says

The survey's headline index hit a level of 47.8, down 7.5% from the August reading and off 13.2% from a year ago.